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Inland Homes (AIM: INL) the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, has received a resolution to grant planning permission - subject to the signing of a S106 agreement - on its flagship site at Wilton Park in Beaconsfield, Buckinghamshire.
The 100-acre site has been described by Savills as the “best residential development opportunity in Southern England”, benefiting from its close proximity to Junction 2 of the M40 and to Beaconsfield and Seer Green stations, providing access to London Marylebone within 23 minutes.
The resolution was granted yesterday and is a major milestone for the developer who purchased the site from the Ministry of Defence in 2014 and submitted a planning application two years ago.
The resolution will enable the delivery of 350 homes as well as commercial and community space within a parkland setting with an estimated gross development value of £350 million. Seventy-nine of the 350 homes will be built as ‘affordable’ homes. In addition, the developer has committed to delivering a new two-hectare public park as part of the plans and an expanded nursery school.
The development will also enable the much anticipated A355 Beaconsfield relief road to be completed, with the development providing the ‘missing link’ to the part-constructed road, reducing traffic congestion and improving local air quality.
Inland Homes has already constructed the first phase of the relief road together with significant landscaping and tree planting and has sought to maximise the short-term income from the site via residential and commercial lettings.
Stephen Wicks, CEO of Inland Homes, commented:
“After a number of years of hard work on Wilton Park, I am delighted with the positive decision delivered by the planning committee. Planning consent – subject to the 106 agreement - is a major milestone in the development of one of the UKs most unique and special sites which has been described as one of the finest development opportunities in Southern England. This is the culmination of a number of years of hard work by the Inland Homes team to carefully balance the aspirations of the planning authority and the local community, against the need to maximise the commercial value of this prime asset and provide much needed new homes.”