Published: 16th May 2019

Urban Splash has announced a partnership with Japan’s biggest housebuilder, Sekisui House, which they hope will accelerate the delivery of modular homes in the UK. As part of the £90m deal, Sekisui will invest £55m into Urban Splash’s ‘House’ development business which they hope will provide a significant boost to the UK’s modular housing industry and speed up production. Sekisui House has invested £22m of new equity, with £30m of equity and debt funding coming from the Government’s Home Building Fund, administered through Homes England. Noel McKee, founder of We Buy Any Car, has also made a ‘sizeable’ investment in the new partnership and will take around a 5% stake in the company. Yoshihiro Nakai, President and Representative Director of Sekisui House Ltd said: ‘We are extremely pleased to be able to work together with Homes England and Urban Splash to establish our operations and help to create outstanding communities … (To read the full article, subscribe below)