Inland Homes has acquired a site of approximately 13 acres, which includes the former headquarters of Tesco Plc.
Because of its location just outside the M25 and 27 minutes from Liverpool Street station by train, Inland Homes is marketing the acquisition as a major regeneration opportunity. The 13 acres forms part of a wider 20 acre site that has the potential to house a new urban village of up to 1,000 homes, delivering employment opportunities and extensive community facilities.
Stephen Wicks, CEO at Inland Homes, said, “In the two weeks since the Referendum vote, we have continued to see the same level of appetite from potential purchasers for our homes, which are at the more affordable end of the housing spectrum and are supported by strong fundamentals such as the current low interest rates and the Help to Buy scheme. While we are vigilant to the wider market landscape, we will continue to seek opportunities that meet our strategic objectives, such as this acquisition in Cheshunt which is a long term project in a strong location and benefits from local political support.”