Places for People signs one of UK housing’s biggest modular deals
Places for People has unveiled a pioneering joint venture to deliver hundreds of modular homes, as confidence in offsite manufacturing (OSM) grows.
Backed by England’s housing minister Kit Malthouse MP and Homes England, the deal is the largest yet for Britain’s modular housing sector.
Under the £100 million partnership, Places for People will purchase 750 units from ilke Homes, including 500 for sites it already owns and 250 for new schemes it will partner on to develop affordable and market-priced housing.
Based in Yorkshire, ilke Homes has won a number of industry awards and accreditations, including a Sunday Times Best Home award. It was originally established by Keepmoat Homes and has been able to draw upon the expertise of modular technology firm Algeco Group.
David Cowans, chief executive of Places for People, added: “We are a market disruptor becoming more active in the adoption of MMC; partnering with a proven modular business such as ilke allows us to create more affordable, well-designed homes across the country - speeding up delivery, cutting cost and giving our customers unrivalled choice and quality.
“This is just the start for offsite manufacturing and as placemakers, we are going to invest even more in modular. We will implement efficient processes and new design techniques which not only raise the bar for the industry – but crucially, give people across the country affordable homes to live in. Our partnership is about pioneering a new way of delivering homes and disrupting the market through making socially-responsible decisions and working with best-in-class partners to improve quality, speed up housing delivery and minimise environmental impact.”
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.”
Kit Malthouse MP added: “This is excellent news as the UK blazes a trail in the modern methods of construction that are transforming home building.
“Today’s announcement supports our urgent mission to deliver more, better and faster home construction to ensure a new generation can realise the dream of home ownership.”