Inland Homes posts 10.3% net asset value rise

Brownfield regeneration specialist Inland Homes has posted a 10.3% rise in its net asset value to £118m in its half year results. The housebuilder also reported an expansion in its land bank to 7,151 plots from 5,672 at the end of 2015. Of those, 2,440 have planning consent. Sales of homes was down marginally from 105 in 2015 to 101, although the forward order book was £31.8m, compared to £20.9m a year before. It said demand for houses has stayed strong in outer London and the home counties, and it was hoping to benefit from the government’s commitment to meeting demands for new homes. It is targeting 500 home sales per year. Stephen Wicks, chief executive of Inland Homes, said: “The investment in our inhouse building operations is starting to show good results and will ensure certainty of delivery as well as improved margins on home sales. This repositioning, combined with key completions due in the second half of the financial year means that we remain positive on the outcome for the full year.” To send feedback, e-mail karl.tomusk@egi.co.uk or tweet @ktomusk or @estatesgazette