Inland Homes raises funds for acquisitions

Inland Homes said it has raised 4.9m pounds, before expenses, through the placement of more than 18m shares.

Inland Homes said it has raised 4.9m pounds, before expenses, through the placement of more than 18m shares.

The proceeds will be used for acquisitions including portfolio purchases and individual sites. The group is focused on acquiring land on greenfield sites for new developments.

"We are very pleased that the placing has allowed us not only to strengthen our balance sheet to enable us to take advantage of some of the opportunities we are seeing, but also to widen our investor base," Chief Executive Officer, Stephen Wicks said.

The announcement comes two days after the company announced it was granted planning permission for 101 homes in Chelmsford, east England.

Inland also acquired sites for developments in Markyate, Hertfordshire and Woolwich, London.

RD

Most Popular

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism
Economy

The MoneyWeek Podcast: Asia, financial repression and the nature of capitalism

Russell Napier talks to Merryn about financial repression – or "stealing money from old people slowly" – plus how Asian capitalism is taking over in t…
16 Jul 2021
Commodity supercycle or not, here’s a metal that’ll still be in demand – tin
Industrial metals

Commodity supercycle or not, here’s a metal that’ll still be in demand – tin

Commodity prices may have come off the boil recently. But for tin, the only way is up. Dominic Frisby picks the best ways to invest.
7 Jul 2021
Three companies that are reaping the rewards of investment
Share tips

Three companies that are reaping the rewards of investment

Professional investor Edward Wielechowski of the Odyssean Investment Trust highlights three stocks that have have invested well – and are able to deal…
19 Jul 2021