16th Apr 2007 07:01
Inland PLC16 April 2007 For Immediate Release 16 April 2007 Inland plc ("Inland" the "Company") Brownfield site purchased from Ashford & St Peters Hospitals NHS Trust Inland, which specialises in buying 'brown field' sites and enhancing theirvalue by obtaining planning permission is pleased to announce the unconditionalpurchase of a substantial brownfield site which formed part of Ashford Hospitalfor a total consideration of £7m. The site is at the junction of London Road(A30) and Town Lane and is approximately 2 miles from Heathrow Airport. A planning application is being prepared for a residential development of circa160 homes together with new parking facilities for the hospital. Inland acquired the land from Ashford and St Peters Hospitals NHS Trust who willuse the receipt of the sale to improve facilities on the adjoining hospital. Stephen Wicks the Inland CEO commented"We are delighted to have secured this important brownfield site on favourableterms for the Company and are confident in obtaining planning permission andthereby enhance its value to provide an excellent return on capital." For further information please contact: Inland Plc Tel: 01923 713 600Stephen Wicks, Chief ExecutiveNishith Malde, Finance DirectorDawnay, Day Corporate Finance Limited, Nominated Tel: 020 7509 4570AdviserDavid FloydAlex StanburyBuchanan Communications Tel: 020 7466 5000Jeremy GarciaSusanna Gale About Inland plc Inland plc is a dynamic developer of urban regeneration projects around SouthernEngland. Predominantly specialising in Brownfield developments, the Inland teamcan provide solutions to a variety of difficult and sensitive land situations. Inland successfully navigates the complex planning system, applying meticulousattention to detail throughout the design process whilst utilising its closeworking relationships with local authorities. Our ability to secure sites oftenoverlooked by others, means our track record in the development of Brownfieldopportunities is second to none. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
INL.L