Inland Homes - Case Update

A new developer will take on a major 500-home riverside development in Southampton after Inland Homes, a £100 million redevelopment project which was largely completed, with work on the council-owned site halted last year as Inland Homes entered administration.

David Hudson and Phil Armstrong of FRP Advisory were appointed as administrators in October 2023.

A marketing process was carried out by administrators and an unnamed new developer was identified for the scheme north of the Itchen Bridge.

Members of Southampton City Council’s cabinet signed off on replacing Inland Homes in the development agreement at a meeting on June 25, with the process of a transfer to a new partner called ‘novation’.

Councillor Simon Letts added that this is an important riverside site. Employee claims have been adjudicated and a dividend to preferential creditors has been declared.

The joint administrators’ latest report (filed in April) can be found HERE.