Legal & General are continuing their strategy of becoming a social landlord, with the latest announcement of another 80 modular homes. The greener housing certainly ticks the ESG box and follows the WEF model of renting, rather than owning. Here’s the news from L&G.
Legal & General Modular Homes announces that it has acquired a site in Littlestone, Kent, which has outline planning permission for the development of 80 homes. Together with its schemes in Selby, Bristol, Broadstairs and North Horsham, this latest success brings Legal & General Modular Homes’ pipeline to 750 homes.
Located on Victoria Road, in Littlestone, the site comprises approximately 9 acres and includes 3 acres of open space and wetland which will be largely dedicated to wildlife. Legal & General Modular Homes has submitted a reserved matters planning application for the development of 80 affordable homes for shared ownership and social rent. The business is currently in partnership discussions with a number of Housing Associations for the acquisition of these homes.
If planning is successful, the business will look to deliver a range of two, three and four bed homes. The homes will incorporate some of the latest technology to ensure they achieve an Energy Performance Certificate (EPC) ‘A’ , a standard currently met by only around 1% of new homes in England & Wales. Working closely with the planning authority and in line with local requirements the scheme is looking to bring much needed new, high-quality, affordable and sustainable homes to the area.
From its factory in Sherburn-in-Elmet in Yorkshire, Legal & General Modular Homes has ambitions to build its annual housing delivery to 3,000 modular homes a year by 2024, bringing rapid and disruptive change to the construction industry. It is designing and manufacturing homes which are sustainable, high-quality, and affordable, transforming the way we build in the UK. The business will be creating up to 300 new jobs in the next year across its production and logistics areas in order to meet this ambition.
With the importance of quality housing having been emphasised over the last year, modular construction is offering an impactful solution, supporting UK jobs and helping to meet government’s objective to build more affordable, carbon-friendly housing. Legal & General’s modular housing factory, for example, offers multi-skilled employment opportunities, including across design, finance, engineering, procurement, construction and production.