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ilke Homes secures site to deliver 140 factory-built homes
Modular housing manufacturer ilke Homes has secured a 12.4-acre site in Hastings, East Sussex, for the development of up to 140 factory-built homes. Subject to planning consent, the development will deliver a mix of one to four bedroom apartments and houses – all of which will be made available for affordable rent or shared ownership.
The announcement marks the company’s continued expansion in the South East region, where it is already committed to delivering in excess of 800 homes across a number of sites. It also follows recent news that ilke Homes has raised £60m in a new fundraising round from investors across the public and private sectors – including Homes England, Asda owners TDR Capital, Sun Capital and The Guinness Partnership.
The site will be the fourteenth that ilke homes has secured to deliver as part of its turnkey offering – by which it acquires land, gains planning permission, manufactures the homes and develops the site. By taking charge of the full construction programme, ilke Homes is able to provide councils and clients with certainty that sites will be delivered on time and to budget.
Precision-engineering techniques mean that ilke Homes will be able to deliver the 140 affordable homes in half the time of traditional methods, thanks to most of the construction stage taking place offsite. By manufacturing offsite, the homes delivered will be of the highest quality, as ilke Homes is able to benchmark standards at numerous stages of the build cycle.
Tom Heathcote, executive director of development at ilke Homes, said: “ilke Homes is increasingly becoming a partner of choice for local authorities looking to scale up the delivery of energy-efficient, affordable housing, and this deal is testament to that.
“Our accredited modular methods of delivery will ensure that these homes help Hastings Borough Council, who in 2019 declared a climate emergency, meet carbon reduction targets while simultaneously delivering well in excess of the 40 percent policy compliant provision of affordable housing required by the outline planning permission.”