CORONAVIRUS (COVID-19) ADVICE

VIEW THE LATEST UPDATES HERE

JAPAN’S BIGGEST HOUSE BUILDER MOVES INTO UK MARKET

blog header image

Posted : 14 May 2019 at 08:36:03
Category: News

Share this article

Japan’s biggest house builder has struck a £90m deal with Homes England and Urban Splash to deliver thousands of new properties across England.

Sekisui House are pioneers of modern methods of construction and will bring their techniques to the UK.

The deal includes new investment of £55m into regeneration company Urban Splash’s modular ‘House’ development business.

Sekisui House has invested £22m of new equity, with £30m of equity and debt funding coming from the Government’s Home Building Fund, administered through Homes England.

Entrepreneur Noel McKee, founder of We Buy Any Car, has also made a sizeable investment in the new partnership and will take an incremental 5% stake.

Yoshihiro Nakai, President and Representative Director of Sekisui House Ltd said: “We 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.

“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.”

‘House’ is expected to deliver thousands of homes across England using modern methods of construction.

Minister of State for Housing, Kit Malthouse MP, said: “Sekisui House bring with them a proven track record in harnessing the modern methods of construction that are transforming home building.

“Backed by Government investment, today’s announcement will support our urgent mission to deliver more, better and faster home construction to ensure a new generation can realise the dream of home ownership.”

Sir Edward Lister, Chair of Homes England, said: “When Homes England launched last year we said we’d disrupt the housing market to increase the pace of construction.

“By helping bring one of the world’s largest and most innovative housebuilders to UK shores, we’re putting our money where our mouth is.

“By creating a more diverse landscape – where smaller builders such as Urban Splash get a stronger foothold – we’re rebuilding the building industry; driving up quality and improving consumer choice.”

Tom Bloxham, Chairman of Urban Splash, said: “We 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’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.

“We 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 – both public and private.”


Original Source - Construction Enquirer

http://www.constructionenquirer.com/2019/05/14/japans-biggest-house-builder-moves-into-uk-market/

LATEST SIMILAR NEWS

LOAN CHARGE APPG PUBLISH REPORT THAT EXPOSES FUNDAMENTAL FLAW IN MORSE REVIEW ON THE LOAN CHARGE
Posted on: 19 Mar 2020 at 11:28:52
Loan Charge APPG publish report that exposes fundamental flaw in Morse Review on the Loan ChargeThe All-Party Parliamentary Group on the Loan Charge have today published a comprehensive report which exposes the fundamental flaw in the Government commissioned Morse Review into the Loan Char...
DAVID DAVIS MP: OUR TAX BURDEN IS TOO HIGH. WE NEED A BOLD BUDGET, NOT 'SPREADSHEET SUNAK'
Posted on: 10 Mar 2020 at 10:42:26
The Chancellor should use a bold first Budget to fix idiocies in the tax system, absorb the shock of the coronavirus and get Britain match-fit for Brexit, argues David Davis.Rishi Sunak must be getting used to surprises, first with his sudden appointment as Chancellor, now with the extraordinar...
PAYE OR UMBRELLA: SIDE-STEPPING IR35
Posted on: 04 Mar 2020 at 14:39:33
Published on March 4, 2020Status is onlineAlexander Wilson LL.B. (Hons.) (Dunelm.), CTAIR35 barrister and CTA - Helping all corporations safely retain independent contractors with strong legal adviceKey PointMoving forward on the umbrella or PAYE model exposes the client to the risk of retroact...
CARNEY ADMITS LATEST DECISION TO HOLD INTEREST RATES WAS ‘FINELY BALANCED’
Posted on: 03 Mar 2020 at 13:31:19
Bank of England governor Mark Carney has revealed his last vote as part of the Monetary Policy Committee (MPC) on whether to move the central bank’s base rate was “finely balanced”.Carney noted that despite choosing to hold the Bank Base Rate at 0.75 per cent there were still plenty of reasons...
LAING O’ROURKE TO BUILD EVERTON’S NEW STADIUM
Posted on: 20 Feb 2020 at 10:07:10
Everton Football Club has appointed Laing O’Rourke as preferred contractor for its planned 52,000 capacity stadium at Bramley-Moore Dock on Liverpool’s waterfront.Dan Meis’ brick, steel and glass design takes its inspiration from the historic maritime and warehouse buildings nearbyA pre-construction...
POUND RALLIES AS UK EMPLOYMENT HITS RECORD HIGH AND WAGES BEAT 2008 PEAK
Posted on: 18 Feb 2020 at 13:45:59
Wages beat their pre-financial crisis peak for the first time at the end of 2019, as the level of UK employment rose to a record high of 32.9m people.A total of 180,000 people entered the workforce between October and December 2019, the Office for National Statistics (ONS) said today.Read more:&nbsp...