{"id":56908,"date":"2019-05-14T08:29:39","date_gmt":"2019-05-14T07:29:39","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=56908"},"modified":"2019-05-14T08:29:39","modified_gmt":"2019-05-14T07:29:39","slug":"japan-housebuilder-uk-modular-housing","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/japan-housebuilder-uk-modular-housing\/56908\/","title":{"rendered":"Japan\u2019s biggest housebuilder enters UK market to boost modular housing"},"content":{"rendered":"

Japan\u2019s largest housebuilder will move into the UK housing market with immediate effect after striking a multi-million pound deal with Urban Splash<\/a> and Homes England<\/a> to deliver modular housing<\/h2>\n

Offsite construction specialists Sekisui House<\/a> are pioneers of modern methods of construction.<\/p>\n

The \u00a390m deal, which has been facilitated by lead real estate and financial advisor JLL, comprises a total new investment of \u00a355m into regeneration company Urban Splash\u2019s \u2018House\u2019 development business. It provides a significant boost to the UK\u2019s modular housing industry and will help to speed up the production of much-needed new homes.<\/p>\n

Sekisui House has invested \u00a322m of new equity, with \u00a330m of equity and debt funding coming from the government\u2019s Home Building Fund, administered through Homes England.<\/p>\n

Experienced entrepreneur Noel McKee, founder of We Buy Any Car, has also made a sizeable investment in the new partnership and will take an incremental c 5% stake.<\/p>\n

Yoshihiro Nakai, president and representative director of Sekisui House Ltd said: \u201cWe are extremely pleased to be able to work together with Homes England and Urban Splash to establish our operations and help to create outstanding communities in the UK.<\/p>\n

\u201cUsing modern methods of construction<\/a> to build high-quality homes with short build times is one of our company\u2019s great strengths. 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.\u201d<\/p>\n

\u2018House\u2019 is expected to deliver thousands of modular homes<\/a> across England.<\/p>\n

Minister of State for Housing, Kit Malthouse MP, said: \u201cSekisui House bring with them a proven track record in harnessing the modern methods of construction that are transforming home building.<\/p>\n

\u201cBacked by Government investment, today\u2019s announcement will support our urgent mission to deliver more, better and faster home construction to ensure a new generation can realise the dream of homeownership.\u201d<\/p>\n

Sir Edward Lister, chair of Homes England, commented: \u201cWhen Homes England launched last year we said we\u2019d disrupt the housing market to increase the pace of construction. By helping bring one of the world\u2019s largest and most innovative housebuilders to UK shores, we\u2019re putting our money where our mouth is.<\/p>\n

\u201cBy creating a more diverse landscape \u2013 where smaller builders such as Urban Splash get a stronger foothold \u2013 we\u2019re rebuilding the building industry; driving up quality and improving consumer choice.\u201d<\/p>\n

Tom Bloxham MBE, chairman of Urban Splash<\/a>, said: \u201cWe believe that there is a real opportunity in the UK housebuilding industry. We hope to leverage our 25 years of place-making experience and our recent investments into modular housing by bringing in new partners; having looked far and wide we chose Sekisui House from Japan because of the company\u2019s unrivalled global experience in modular construction and shared values and philosophy that we are making homes not units, and a joint belief in the need for a green future.<\/p>\n

\u201cWe are incredibly excited about the accelerated production of much-needed homes and evolving traditional practices as we embrace the benefits of innovative offsite construction. I hope it will establish us as the housing partner of choice for landowners \u2013 both public and private.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Japan\u2019s largest housebuilder will move into the UK housing market after striking a deal with Urban Splash and Homes England to deliver modular housing.<\/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":[1004,572,656,916,627,696],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-56908","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mmc-news","7":"tag-homes-england","8":"tag-housebuilding","9":"tag-housing","10":"tag-modern-methods-of-construction","11":"tag-modular-construction","12":"tag-offsite-construction"},"acf":[],"yoast_head":"\nJapan\u2019s biggest housebuilder enters UK market to boost 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