Beaufort is delighted to announce the completion of a facility with AIM-listed Inland Homes plc, for the first phase of a significant mixed-use development in Cheshunt, Hertfordshire.<\/p>\n
The entire site, situated adjacent to Cheshunt station, and which includes the former Tesco HQ, will deliver 1,725 new homes, including a minimum of 185 affordable homes, along with approximately 200,000 sqft of commercial space and a two-form entry primary school. The projected GDV of the completed project is forecast to be around \u00a3620m.
\n<\/p>\n
Inland Homes is a leading brownfield developer, housebuilder and partnership housing company with a focus on the south and southeast of England. It currently has a land bank of 7,796 plots with a GDV in excess of \u00a32bn.<\/p>\n
Mark Quigley, Managing Director at Beaufort Capital, said, \u201cWe are delighted to have closed this transaction with Inland Homes plc.<\/p>\n
\u201cInland has worked up a number of excellent planning permissions on land which it has assembled over many years and will be developing thousands of residential homes and accompanying communal space.<\/p>\n
\u201cIt is extremely pleasing that Beaufort will be part of Inland\u2019s future as we explore further development funding opportunities together.\u201d<\/p>\n
Stephen Wicks, Chief Executive, Inland Homes plc said \u201cI am delighted to have completed this deal with Beaufort and was particularly impressed that the team was able to meet such a challenging deadline.<\/p>\n
\u201cThe facility has enabled us to acquire our original joint venture partner\u2019s 50% interest in Cheshunt Lakeside Developments Limited and enter into a beneficial arrangement with a new partner that will enable Inland to receive the majority of the development profits
\nfrom this site.<\/p>\n
\u201cThis is a significant step forward in the delivery of this project, which will see the site transformed into a new urban village of 1,725 homes and more than 19,000 sqm of commercial space across a scheme with a total GDV of c. \u00a3620m.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Beaufort is delighted to announce the completion of a facility with AIM-listed Inland Homes plc, for the first phase of a significant mixed-use development in Cheshunt, Hertfordshire. The entire site, situated adjacent to Cheshunt station, and which includes the former Tesco HQ, will deliver 1,725 new homes, including a minimum of 185 affordable homes, along […]<\/p>\n","protected":false},"author":2,"featured_media":308,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/155"}],"collection":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=155"}],"version-history":[{"count":2,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/155\/revisions"}],"predecessor-version":[{"id":158,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/posts\/155\/revisions\/158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=\/wp\/v2\/media\/308"}],"wp:attachment":[{"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.beaufortcapital.co.uk\/news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}