Housebuilding joint venture to build on offsite manufacturing developments
A joint venture between two housing businesses will deliver hundreds of modular homes at a Yorkshire factory.
Places for People will purchase 750 units from ilke Homes, including 500 for sites it already owns and 250 for new schemes they will partner on to develop affordable and market-priced housing.
It is being described as “the largest deal yet for Britain’s modular housing sector”.
Ilke Homes opened its modular housing factory last year in Flaxby, near Harrogate, and is looking to capitalise on the current enthusiasm for offsite manufacturing. The process is seen as a way to speed up delivery, improve quality and mitigate the skills crisis in the construction industry.
Dave Sheridan, executive chairman at ilke Homes, said: “Ride-hailing apps have replaced standing in the rain to flag taxis, so it makes sense that we embrace the benefits of manufacturing homes in dry factories.
“A mature OSM market could create an “Uber moment” for construction, speeding up delivery, cutting cost and giving our customers unrivalled choice and quality.
“Our deal with Places for People will help continue to grow our capacity and is a huge vote of confidence in modular housing and Homes England deserves huge praise for its entrepreneurial approach to accelerating delivery.”
Ilke Homes was originally established by housebuilder Keepmoat Homes and has been able to draw upon the expertise of Algeco Group, a world leader in modular technology.
