Inland Homes PLC - Buckinghamshire, England-based brownfield site developer, housebuilder and regeneration specialist - Reports it has exchanged conditional contracts to sell 31 affordable homes to Eastlight Community Homes for GBP6.5 million to be satisfied in cash on completion. Says the sale forms part of Inland's Templar Green development where planning permission was obtained for over 70 new homes. Adds that completion will take place in phases over the coming months as the units are completed.

Finance Director Nish Malde says: "We are delighted to be working with Eastlight on this exciting project to deliver much needed high quality affordable homes to the local community."

Current stock price: 5.25 pence

12-month change: down 88%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.