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Places for people and ilke have signed a pioneering joint venture with to deliver hundreds of modular homes, as confidence in offsite manufacturing (OSM) grows. 750 home commitment is huge boost demand for offsite manufacturing
Deal will see Ilke Homes build 750 homes for the regeneration group modular homes manufacturer ilke Homes and regeneration specialist Places for People have signed a joint venture agreement to deliver 750 factory-built homes in a deal believed to be worth 100m.
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The latest Tweets from ilkehomes (@ilkehomes). We are a ground-breaking modular housing company, leading the way in modern methods of construction. We are changing the way homes are delivered across the UK
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In the largest deal yet for Britain’s modular housing sector, 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.
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Cast Consultancy chief executive Mark Farmer and ilke Homes chief executive Dave Sheridan speak to BBC breakfast about the biggest modular housing deal in UK history.
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The companies expect the deal to result in a jobs boost at Ilke’s Yorkshire factory, which has the capacity to build 2,000 homes annually. David Cowans, chief executive of Places for People, said this is "just the start" for off-site manufacturing and the company is going to "invest even more in modular."
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