Urban&Civic launches first modular homes with Goldman Sachs-backed business
Master developer Urban&Civic has teamed up with Goldman Sachs-backed TopHat to launch its first modular housing venture.
The pair will provide 38 modular homes under the Civic Living brand at Urban&Civic and Aviva Investors’ Houlton scheme.
The joint venture is developing a 6,200-home neighbourhood set in 1,200 acres to the east of Rugby in the West Midlands.
Master developer Urban&Civic has teamed up with Goldman Sachs-backed TopHat to launch its first modular housing venture.
The pair will provide 38 modular homes under the Civic Living brand at Urban&Civic and Aviva Investors’ Houlton scheme.
The joint venture is developing a 6,200-home neighbourhood set in 1,200 acres to the east of Rugby in the West Midlands.
The energy efficient homes will be manufactured at TopHat’s factory in Derby, before being transported to Houtlon in January, and assembled in days.
Urban&Civic chief executive Nigel Hugill mooted plans to expand to modular housing last summer, as part of a BTR push. He said the rental homes tenure would be supported by the speedy construction timelines of modular.
Mike van den Berg, senior development manager at Urban&Civic, said: “Through our role as master developer at Houlton, we are dedicated to bringing a range of different housebuilders onto our site, to provide people with high-quality homes in a variety of tenures and styles.
“The addition of Civic Living to our already impressive portfolio of housebuilders will further diversify the choices at Houlton – especially to those looking for contemporary, low-carbon homes.”
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