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This is the “Uber moment” for housebuilding

By August 19, 2019August 22nd, 2019Modular Building, News

The UK is turning into an ideal testbed for new methods of building. Not only is the country facing a housing crisis, but the construction industry is heavily reliant on EU labour that looks set to feel the squeeze post-Brexit. No wonder, then, that investors are putting substantial sums into companies that aim to create modular houses in factories that can subsequently be assembled on-site, like Lego bricks, using minimal labour.

In April this year, US investment bank Goldman Sachs announced plans to pour £75m into TopHat, a relatively unknown, two-year-old UK startup.

The following month, Japanese housebuilder Sekisui House announced a £90m joint venture with Urban Splash, the Manchester-based developer more commonly associated with turning derelict industrial warehouses, mills and Victorian terraced housing into modern workplaces and homes, and Homes England, a government body that funds affordable housing.

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