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Inland Homes sheds Middlesex, UK, site for £95M

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Inland Homes sheds Middlesex, UK, site for £95M

Inland Homes PLC divested its Brooklands College site in Ashford, Middlesex, U.K., for a total land and build consideration of £94.7 million.

The deal is the company's biggest land sale by value so far, with the land consideration being £29.7 million in cash, which is payable upon completion by the end of June. Construction has already started on the 10-acre town center site and Inland Partnerships, the group's construction arm, is set to take on the development phase on behalf of A2 Dominion.

The completed project will house 357 one-to-five story homes, commercial space spanning 619 square meters and 442 square meters of educational space, alongside public open space, associated car parking and infrastructure upgrades.

Upon completion of the development, Inland will take over the commercial space as part of the deal for a nominal price.