Partnership between Sekisui House, Urban Splash and Homes England to increase supply of social housing across the UK
The British government is bringing one of Japan’s biggest home-builders to increase the supply of homes in the UK.
Osaka-based Sekisui House has set up in the country by investing GBP22 million (USD28.4 million) into ‘House’, a new venture by British developer Urban Splash.
House will focus on the delivery of modular homes across the UK, harnessing Sekisui House’s expertise in prefabricated buildings.
“Using modern methods of construction to build high quality homes with short build-times is one of our company’s great strengths,” said Sekisui House president Yoshihiro Nakai in a statement via Inside Housing.
“Our technology and know-how can help resolve pressing social issues in the UK, and I want to see us play our part effective immediately. These operations can also help bring vitality to UK regions, and we will work to make the strongest connections with the local communities.”
In addition to GBP35 million from Urban Splash, the business will also have GBP30 million in equity and debt funding from the government’s Home Building Fund, administered through the government’s housing delivery agency Homes England.
“Backed by government investment, [this] announcement will support our urgent mission to deliver more, better and faster home construction to ensure a new generation can realise the dream of home ownership,” housing minister Kit Malthouse said in a statement.
Sekisui House made sales of more than GBP15 billion wit a profit of GBP900 million in the year to January 2019 alone.
We Buy Any Car founder Noel McKee will have a 5 percent stake in House in exchange for a GBP2.5 million equity investment, reported The Construction Index.
5 places to go in the Brooklyn of Bali
Surf culture, bohemian vibes and contemporary convenience collide in Canggu
Tax tinkering sparks fury in Hong Kong
Rebates favouring landlords angering those clamouring for more transformative policy change to the property market
Meet the American architect changing China’s cities
Studio Shanghai’s visionary founder Benjamin Wood eschews complicated flashiness to create urban environments that elevate the lives of inhabitants
South Korea’s smart cities getting smarter
Although showpiece smart city project, Songdo, is widely viewed as a letdown, South Korea is at the leading edge of efforts to pioneer innovation-led urban hubs in Asia
Overseas demand continues to propel the Philippines’ office sector
From western outsourcers to Chinese online gaming firms, international locators are homing in on the country's grade-A workspaces
2019 PropertyGuru Cambodia Property Awards celebrates the kingdom’s most ambitious properties in largest gala ceremony to date
Awards presented for Best Hotel Casino, Best Data Centre Development, Digital Innovation, and Building Communities
Malaysia’s exemplary projects reflect speedy journey to developed-nation status
Real estate sector instrumental in achieving country's ultimate ambition
2019 PropertyGuru Asia Property Awards (Sri Lanka) to be judged by the crème de la crème
2019 PropertyGuru Asia Property Awards (Sri Lanka) 2019 to be judged by the industry’s crème de la crème
PropertyGuru Asia Property Awards laurels Malaysia’s most resilient for 2019
Malaysian housing ministry enjoins the country's most illustrious development titans to build more mixed-use as local market undergoes consolidation
2019 PropertyGuru Asia Property Awards (Malaysia) recognises the country’s finest developers at glittering gala celebration
Landmark event attended by 500 senior industry figures
2019 PropertyGuru Asia Property Awards (Malaysia) reveal final shortlist of nominees
Malaysia’s finest residential, commercial, township and mass market developments will be recognised at glittering gala