Legal & General has launched its modular housing business, Legal & General Homes with a new factory in the North of England, which is expected to deliver its first homes in June.
Legal & General Homes’ factory will be based in a 550,000 sq ft warehouse in Sherburn-in-Elmet, near Leeds, and initially employ 400 to 500 people. It will produce modules using cross laminated timber for a range of housing types, from 20 storey apartment blocks to terraced, semi-detached and detached houses. The approach is expected to reduce on-site build time by 70% compared to traditional techniques.
Tom Ground, chief executive of Legal & General Homes, said the company, “aims to deliver a new solution to the problems we face in the UK, addressing the shortage of suitable, affordable and sustainable housing by manufacturing higher quality, energy efficient, lower cost housing.”
Legal & General recently announced the launch of a Build to Rent partnership with PGGM, through which it will invest £600m into building purpose built private rental housing across the UK, providing more than 3000 homes.