Filter content by topic
Housing Management
Asset management
Care and support
Fire safety
Mergers and Acquisitions
Regulation and Governance
View All

Listed developer agrees £78m sale to Clarion for major development in London

Inland Homes has agreed a deal to sell a major 325-home development site in east London to Clarion Housing Group.

Linked InTwitterFacebookeCard
Picture: Getty
Picture: Getty

Listed developer agrees tie-up with housing association for 325-home development in east London #ukhousing

The house builder has exchanged contracts for the Merrielands Crescent development in Dagenham in a sale worth £77.7m. Inland Homes will undertake the development phase of the site, which is expected to take three years, before handing it over to Clarion.

The four-acre site will comprise 325 residential units across a number of five to 10-storey apartment blocks, together with 1,514 sq m of commercial space and 178 car parking spaces.

Inland Homes is already building 135 homes with Clarion in Alperton, west London. It said the partnerships allow it to recognise profits from land, while also securing construction contracts with guaranteed income.

Inland Homes now has a record forward order book of more than £145m in its dedicated housing partnerships division, which works with social landlords to develop homes.

Read More

House builder and social landlord sign £103m joint ventureHouse builder and social landlord sign £103m joint venture
House builder launches new London division to work with social landlordsHouse builder launches new London division to work with social landlords
House builder’s for-profit provider seeks JV partnerHouse builder’s for-profit provider seeks JV partner
Listed developer registers as social housing providerListed developer registers as social housing provider
Social landlord to build £48m PRS development in North WestSocial landlord to build £48m PRS development in North West

It currently has 1,455 homes for private sale under construction and this latest partnership contract brings the total number of homes being built for housing associations to more than 800.

Stephen Wicks, chief executive of Inland Homes, said: “This is an important transaction for Inland and a significant build contract for our fast-growing partnerships business.”

He added that the deal shows the quality of its land holdings and the demand for tie-ups of this kind.

He also said that Inland Homes has almost completed the transition “from a business that was predominantly focused on land trading to a business predicated on delivering our stated medium-term target of 1,000 homes per annum”.

In August last year, Inland Homes registered a new subsidiary, Rosewood Housing, as a for-profit social housing provider.

The division will develop, hold and manage affordable housing and will focus on homes provided under Section 106, for shared ownership and social or affordable rent.

It is currently seeking a joint venture partner to increase its pipeline of homes.

Linked InTwitterFacebookeCard
Add New Comment
You must be logged in to comment.

Related Stories

For general enquiries you can contact Inside Housing at:

3rd Floor, 4 Harbour Exchange Square, Isle of Dogs, London, E14 9GE

Tel: 0207 772 8300

© 2020 Inside Housing
All rights reserved