Urban Splash has secured a funding agreement with the Greater Manchester Property Venture Fund for an innovative custom-built housing project in New Islington, Manchester.
Branded “hoUSe”, the modular housing scheme allows customers to choose how space is arranged in architect-designed affordable homes.
GMPVF, which is part of the Greater Manchester Pension Fund, will invest in the delivery of the first 43 terraced houses, all of which have already been sold or reserved.
Nathan Cornish, Urban Splash director, said: “The deal is a huge endorsement of our hoUSe concept, which is now on site at New Islington.
“hoUSe is a modular housing scheme that we aim to roll out across the UK as one of the answers to the well- documented housing shortages that our industry needs to tackle.”
GVA advised GMPVF.
