This data was released by the specialist housebuilder in a trading update ahead of its preliminary financial year results, which will be announced in September 2017.
Profit before tax was in line with the market expectations.
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- Developer announces tenfold increases in profits
Inland Homes trading update:
Inland Homes sold 780 residential plots in the last 12 months (2016: 425 plots).
These included:
• 400 plots at a joint venture site in Aylesbury, Buckinghamshire, for an aggregate of £22m, with the group’s share being £11m
• 173 plots at Alperton, Greater London, for £16m as a sale of a subsidiary
• 58 plots at Beaumont Works in St Albans, Hertfordshire, for £7.5m to a major housebuilder
• 57 plots at Witley Gardens in Southall, Greater London, for £8.1m to a housing association
• 28 units at Queensgate in Farnborough for £1.6m also to a housing association.
Inland Homes PLC has also reported a 69% increase in secured planning permissions (1,856) compared with last year (1,096)
Stephen Wicks, CEO at Inland Homes, said: “Inland continues to build firm foundations for the future.
“A record £1.34bn short-term development pipeline; the creation of a highly experienced construction team which enables us to capitalise on partnership opportunities; and growing private housebuilding along with land sales has resulted in a dynamic, multi-faceted business model which will stand us in good stead for the future.”
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