Legal & General Modular Homes has acquired and started construction on a major modular housing scheme in Lockleaze, Bristol
The scheme, which has been developed in conjunction with Bristol City Council, is set to deliver 185 new homes, comprising two- to four-bedroom houses along with one- and two-bedroom apartments developed on land at Bonnington Walk.
This modular scheme will create some of the most energy-efficient homes in the country with all homes achieving an energy performance certificate (EPC) standard A.
The combination of Air Source Heat Pumps, Photovoltaic Cells and high-quality build standards will put them in the top 1% for energy performance meaning significant energy savings for its residents.
50% of the homes will be delivered as affordable housing and it is intended that these become part of Bristol City Council’s affordable housing stock.
Once the land is prepared and ready for the modular homes, the homes can be assembled on site within eight weeks. Work has already started on site clearance.
This will be followed by the formation of the new access roads to the site and the construction of roads and sewers, with the first modules to be delivered arriving in summer.
Legal & General will deliver a full development proposition; from buying land, developing the product and managing the planning application through to delivery.
Legal & General already has a significant interest through a £240m stake in the regeneration of Temple Quarter, a Build to Rent development and a proposed major mixed-use scheme on Temple Island.
Together with Bonnington Walk, these schemes provide a springboard for a long-term partnership with Bristol City Council, helping it deliver a large proportion of the 16,000 new homes required across the city
Investing capital for society’s benefit
Rosie Toogood, CEO of Legal & General Modular Homes, said: “Acquiring and beginning construction on Lockleaze is an exciting milestone for the business as we see our modular homes becoming part of communities across the UK.
“The modular construction sector is transforming the way homes are built and addressing the housing shortage. This forms part of our purpose of investing society’s capital for society’s benefit.
“The housing crisis is a human crisis and only more important as part of the UK’s post-pandemic recovery, and as people become more aware of the link between their health and wellbeing, and their homes and supporting communities.”