Legal & General Capital has announced the launch of its modular housing business, Legal & General Homes.
It has signed a long-term lease with Logicor for a 550,000 sq ft warehouse in Sherburn-in-Elmet, 15 miles east of Leeds, which will be the largest modular homes construction factory in the world.
Employing 400 to 500 local people, it expects to deliver its first houses from the factory in June.
Paul Stanworth, managing director of Legal & General Capital, said: “Modern modular housing in the UK has so far been restricted to the top end of the market: the scale of our Sherburn facility will enable many more people to benefit from new, environmentally friendly construction techniques which have already become mainstream in Europe.”
Legal and General said the homes will be precision engineered and will not have the typical defects associated with house building. By using cross-laminated timber and automated technology to remove shrinkage, cracking, wet trades, plaster jointing and nailing, it will reduce repair costs as the building settles.
To send feedback, e-mail alex.peace@estategzette.com or tweet @egalexpeace or @estatesgazette
