ilke Homes has partnered with affordable housing provider Stonewater to deliver a new residential scheme in Herefordshire as part of a £23m deal.
Jane Imrie

Yorkshire modular housing firm continues Southern expansion with £23m project

A Yorkshire-based modular homes specialist is continuing its expansion in the South with a new multi-million pound deal.

ilke Homes has partnered with affordable housing provider Stonewater to deliver a new residential scheme in Herefordshire as part of a £23m deal.

The firm will provide Stonewater with land for the development, as well as manufacturing 120 new homes for the site in its 250,000 sq ft factory in Knaresborough.

Matthew Bench, executive director of partnerships at ilke Homes, commented: “The need for affordable housing has never been more acute, and with construction having been paused on sites up and down the country, speed will be absolutely vital.

“By packaging up private land with turnkey development solutions in partnership with housing associations such as Stonewater, we can quickly scale-up the delivery of high-quality, energy-efficient affordable housing across the country.”

News of the project follows ilke Homes’ recent expansion of the business with new offices in London, Birmingham and Bristol, as well as creating a new ‘homes and development unit’ to manage the near-200 percent annual growth of the company’s demand pipeline.

Matthew Bench continued: “Our recent expansion into new regions gives us a greater national reach and with wide ranging offerings including providing superstructures, turnkey solutions and full land-led developments, we can truly drive the benefits that come from offsite manufacturing.”

Matthew Crucefix, director of development (West) at Stonewater, added: “Scaling-up the delivery of affordable homes is vital to ensuring that everyone in the UK has a place to call home.

“This scheme is exactly the type of progressive development opportunity that will help meet the challenge we face to provide the affordable homes needed to tackle the housing crisis.

“Stonewater has demonstrated its agility in uncertain times by purchasing this land which has the benefit of an outline planning consent, we’re excited to be working up the reserved matters planning with ilke Homes and moving this project forward.”

UK law firm TLT advised Stonewater on the deal.

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