Forty sustainable modular homes are set to be created in Nottinghamshire after Network Rail and modular home developer ilke Homes announced a significant investment in a brownfield site next to Beeston station.
The deal, which has been brokered by JLL, will see a partnership-led redevelopment of the 2.2-acre site, delivering much-needed housing and car parking around a key transport hub which offers direct transport links into Nottingham city centre. The development will be backed by government funding after ilke Homes secured a £30 million investment from Homes England to increase the capacity of its factory, as part of a scheme to boost offsite construction and deliver more modular homes across the UK.
David Biggs, Managing Director, Network Rail Property, said: “By joining forces with ilke Homes on the redevelopment of this brownfield site, we are able to deliver sustainable housing in a growing area, with brilliant access to transport. The development not only supports the government’s strategy to accelerate the rollout of modular housing but will also drive local economic growth. What’s more, all profits generated by Network Rail will be reinvested back into railway.”
The partnership with ilke Homes supports Network Rail’s strategy to release land for housing to drive economic growth and help communities to thrive, whilst generating capital to fund rail improvements for the benefit of passengers, taxpayers and the economy.
Tom Heathcote, Executive Director, Development, ilke Homes added: “We are proud to partner with Network Rail to create a sustainable development of much-needed family homes for a growing community. Modular homes represent the future of housing and we believe this residential development will be a shining example of what they can deliver for homeowners, communities and the UK economy.”
Anabel Christmas, Residential Agent, JLL, also said: “By supporting this partnership-led scheme between Network Rail and ilke Homes, we are playing our part in providing much-needed sustainable housing solutions to communities across the UK, while supporting the government’s housing strategy.”
Network Rail own, operate and develop Britain's railway infrastructure: 20,000 miles of track, 30,000 bridges, tunnels and viaducts and the thousands of signals, level crossings and stations. They also run 20 of Britain’s largest stations.