{"id":51600,"date":"2019-01-25T15:16:07","date_gmt":"2019-01-25T15:16:07","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=51600"},"modified":"2019-01-25T15:16:07","modified_gmt":"2019-01-25T15:16:07","slug":"bam-acquires-modular-specialist","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/bam-acquires-modular-specialist\/51600\/","title":{"rendered":"BAM acquires stake in Irish modular homes specialist"},"content":{"rendered":"<h2><a href=\"https:\/\/www.bam.com\/\">Royal BAM Group<\/a> has acquired a non-controlling share in modular homes provider Modern Homes Ireland (MHI)<\/h2>\n<p>Modern Homes Ireland constructs steel-framed homes and commercial buildings within a precision-controlled environment with units being up-to 95% constructed before leaving the factory.<\/p>\n<p>BAM has taken the strategic step with MHI \u2013 the only NSAI certified <a href=\"https:\/\/www.pbctoday.co.uk\/news\/modular-construction-news\/modern-methods-construction\/49465\/\">volumetric housing<\/a> provider in Ireland \u2013 to enhance and maximise business opportunities for both companies in the Irish construction sector.<\/p>\n<p>MHI was established in 2016 and has completed more than 400 residential units since then, mainly in the Leinster area, including a combination of social housing and high-end residential developments. Based in Ballyjamesduff, it employs 120 people with a current capacity of more than 500 units annually, it is led by its founding shareholder team of Joint Managing Directors Chris Curtis and Stephen McManmon and Executive Directors Adrian McNally and Brendan McNally.<\/p>\n<p>Both businesses plan to accelerate home building activity in <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/social-housing-conundrum\/50797\/\">social housing<\/a> and PPP contracts as well as in private developments in large population centres. This further development in its modular approach, reflecting the change in the industry and in line with BAM\u2019s strategy Building the present, creating the future, enables BAM to offer its clients added value through high quality and rapid programmes.<\/p>\n<p>Following BAM\u2019s investment, Modern Homes Ireland will further increase its production capacity in Ballyjamesduff.<\/p>\n<p>Theo Cullinane, CEO, BAM Ireland said: \u201cThis is a significant strategic investment for BAM. We are cognisant of the need for an acceleration of output in the housing sector and we are happy that our investment will play a part in the solution to the current <a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/modern-construction-london-housing-crisis\/48618\/\">housing crisis<\/a> in the country.<\/p>\n<p>\u201cModular is clearly the future and this is a unique opportunity to further develop a business, not just in housing but in modular housing which aligns closely with our drive towards \u2018digital construction\u2019.\u201d<\/p>\n<p>Commenting on the deal, MHI Joint Managing Director Chris Curtis added: \u201cWe are very pleased to have entered into this strategic partnership with an industry leader in BAM, which will allow us to grow further and benefit from the vast experience that they will bring to us.<\/p>\n<p>\u201cThis significant investment further confirms that off-site construction is the future of housing and that our firm is at the forefront. This collaboration is the foundation for an exciting future ahead for MHI.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Royal BAM Group has acquired a non-controlling share in modular homes provider Modern Homes Ireland (MHI).<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[942],"tags":[676,572,916,627,696],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-51600","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mmc-news","7":"tag-construction","8":"tag-housebuilding","9":"tag-modern-methods-of-construction","10":"tag-modular-construction","11":"tag-offsite-construction"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BAM acquires stake in Irish modular homes specialist<\/title>\n<meta name=\"description\" content=\"Royal BAM Group has acquired a non-controlling share in modular homes provider Modern Homes Ireland (MHI), up-to 95% constructed before leaving the factory\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/bam-acquires-modular-specialist\/51600\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BAM acquires stake in Irish modular homes specialist\" \/>\n<meta property=\"og:description\" content=\"Royal BAM Group has acquired a non-controlling share in modular homes provider Modern Homes Ireland (MHI)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/bam-acquires-modular-specialist\/51600\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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