Network Rail has released land to modular housing company ilke Homes to develop 40 modular homes in Nottinghamshire
40 sustainable modular homes are to be provided to a brownfield site next to Beeston station in Nottinghamshire.
The deal, which has been brokered by JLL, will see a partnership-led redevelopment of the 2.2-acre site, delivering much-needed housing and car parking around a key transport hub which offers direct transport links into Nottingham city centre.
The development will be supported by government funding after ilke Homes secured a £30m investment from Homes England to increase the capacity of its factory.
The partnership with ilke Homes supports Network Rail’s strategy to release land for housing to drive economic growth and help communities to thrive.
‘The future of housing’
David Biggs, managing director of Network Rail Property, said: “By joining forces with ilke Homes on the redevelopment of this brownfield site, we are able to deliver sustainable housing in a growing area, with brilliant access to transport.
“The development not only supports the government’s strategy to accelerate the rollout of modular housing but will also drive local economic growth. What’s more, all profits generated by Network Rail will be reinvested back into railway.”
Tom Heathcote, executive director of development at ilke Homes, commented: “We are proud to partner with Network Rail to create a sustainable development of much-needed family homes for a growing community.
“Modular homes represent the future of housing and we believe this residential development will be a shining example of what they can deliver for homeowners, communities and the UK economy.”
Anabel Christmas, residential agent at JLL, added: “It is great that we have been able to broker such a positive deal despite these challenging and uncertain times for the industry.
“By supporting this partnership-led scheme between Network Rail and ilke Homes, we are playing our part in providing much-needed sustainable housing solutions to communities across the UK, while supporting the government’s housing strategy.”