Inland Homes has completed the purchase, via its 50:50 joint venture, of the 13 acre regeneration project in Cheshunt, Hertfordshire, which includes the former headquarters of Tesco.
The site is part of a wider 20 acre area that has recently been earmarked by the Borough of Broxbourne for a major new urban village, Cheshunt Lakeside, which will include 1,000 new homes.
In addition, the company is pleased to announce the drawdown of a new £27 million facility with Secure Trust Bank Plc, secured on 86 Former MoD houses at its Wilton Park, Beaconsfield development.
This facility is for a five year term and will be used in part to refinance an existing £18.9 million facility at a significantly lower interest rate.
At 8:38am: (LON:INL) Inland Homes PLC share price was +0.25p at 73.5p