Japan’s biggest housebuilder on Tuesday made its UK debut to form a new partnership investing £90 million to bring factory-built homes to London.
Tokyo-listed Sekisui House has teamed up with Government body Homes England and property developer Urban Splash.
Sekisui House specialises in using modern construction methods to build high-quality homes in factories rapidly then ship them to sites.
Sir Edward Lister, chairman of Homes England, told the Evening Standard: “We are doing everything we can to move into more modern construction, as we will never get near the Government’s target of 300,000 new homes per year if not.”
He said the high costs of conventional building make delivery of new homes slow.
Lister expects the factory in the North of England to produce thousands of homes, many to be sent to London’s outer boroughs and the Home Counties.
Sekisui and the Government are putting in £22 million and £30 million respectively. The rest is from Urban Splash and entrepreneurs such as We Buy Any Car founder Noel McKee.
