News blog
Inland
- BY: Andrew Hore |
- POSTED: 03/07/2009 |
Brownfield property developer Inland has raised £528,000 at 10p a share.
The directors invested £210,000 in this placing which will help Inland pay professional fees for its joint venture on the former RAF West Drayton site. The joint venture is seeking planning consent for more than 800 homes.
At 11.25p a share, Inland is valued at £18.1m. The company’s NAV was £47.4m at the end of 2008. That is likely to have fallen by the June 2009 year end but it should still be higher than the current market value.
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