Login | Register
14/05/2019

Japanese housebuilder to deliver homes in England

Words: Laura Edgar
Houses built using MMC / Urban Splash

Homes England and Urban Splash have agreed a deal with Japan’s largest housebuilder Sekisui House to build new homes in England using modern methods of construction.

Sekisui House builds homes in factories and then transports them to development sites.  

The £90 million deal comprises an investment of £55 million into regeneration firm Urban Splash’s ‘House’ development business. This aims to speed up the production of “much-needed” new homes.

The Japanese firm has invested £22 million of new equity, while £30 million of equity and debt funding will come from the government’s Home Building Fund, which is administered through Home England.

The founder of We Buy Any Car, Noel McKee, has made a “sizeable” investment in the new partnership and will take an incremental 5 per cent.

Yoshihiro Nakai, president and representative director of Sekisui House Ltd, said: “Using modern methods of construction to build high-quality homes with short build times is one of our company’s 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.”

Housing minister Kit Malthouse said: “Sekisui House bring with them a proven track record in harnessing the modern methods of construction that are transforming homebuilding."

He said the partnership, together with the government's investment, would support the government's “urgent mission to deliver more, better and faster home construction to ensure a new generation can realise the dream of home ownership”.

Homes England told The Planner that the homes will meet all mandatory requirements for design, quality and construction, while the developer will meet the local planning authority's requirements for affordable housing.

On choosing Sekisui House as a partner, Tom Bloxham MBE, chairman of Urban Splash, said: “We hope to leverage our 25 years of placemaking 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’s 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."

Image credit | Urban Splash

 

Tags