Inland Homes secures final planning consent for £350m Wilton Park scheme in UK

WCN Editorial Team 24 Sep 2019 EUROPE BUILDINGS

House builder and partnership housing company Inland Homes has secured final planning sign off for its £350m Wilton Park development on a 100-acre site in Buckinghamshire, South East England.

Located close to Junction 2 of the M40 and Beaconsfield and Seer Green Stations, the Wilton Park housing project will give easy access to London Marylebone within 23 minutes.

The approval, which is subject to the signing of a section 106 agreement, follows planning resolution of the site granted by the South Bucks District Council’s planning committee in June 2019.

The project involves the construction of 350 homes as well as commercial and community space within a parkland setting on the site.

Subject to a draft allocation for development, a further part of the site will see the construction of an additional 250 homes and 200,000ft² of commercial space.

Separately, Inland Homes has agreed to acquire 50% interest in its joint venture partner Cheshunt Lakeside Developments for £29.9m. The deal is scheduled for completion by the end of this month.

Inland Homes CEO Stephen Wicks said: "This is another significant step forward in the delivery of our flagship site Wilton Park, and for the continued success of the Group. Together with the recent consent at Cheshunt Lakeside, these two sites provide over 1,650 consented plots for our land bank.  

“The acquisition of our joint venture partner at Cheshunt provides us the opportunity to extract significant land and development profits from this magnificent site.

“Our land and planning team are doing an excellent job in securing options on favourable terms and taking these sites through the planning system.

“Strategic land is now making a positive contribution to our profitability. These sites will either be sold to other developers or fed into our own growing housebuilding operations."

The company has also been allocated a further two sites in Buckinghamshire totalling 15.5 acres for construction of 153 units. It also received draft allocations at two other sites in Berkshire and Buckinghamshire totalling 18 acres for approximately 200 units.

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Image: Inland Homes seeks approvals for development of the Wilton Park in UK. Photo: courtesy of Free-Photos from Pixabay.

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