Inland Homes receives planning consent at Cheshunt Lakeside project
Housebuilder and brownfield developer Inland Homes has received planning consent at its Cheshunt Lakeside project in Hertfordshire, the largest ever consent secured by the group.
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Inland Homes' Cheshunt Lakeside masterplan will create a new "urban village", made up of 1,725 homes, 19,000 square metres of commercial space and provision for a new primary school.
The development will generate as many as 1,150 jobs on-site in addition to 250 construction jobs and 30 apprenticeships, helping boost the local economy by up to £16m a year through increased business activity.
Inland Homes will submit its first reserved matters application for the delivery of 195 units in autumn 2019, while demolition of the existing buildings on-site, including a former Tesco headquarters, will begin before the end of the calendar year.
Chief executive Stephen Wicks said: "The short time-frame in which we have been able to agree the terms of the Section 106 agreement for Cheshunt Lakeside is a clear indicator of Inland Homes' success in working collaboratively with local Councils to secure planning consent on complex sites.
"With the terms agreed, we are now eager to start construction and transform this former industrial site from its somewhat decrepit state into a thriving residential and business community of which we can all be proud."
At 0935 BST, Inland Homes shares were up 2.26% to 68p.