Developers sign deal to deliver 472 homes in Exeter and Sussex

Places for People has partnered with modular housebuilder ilke Homes to deliver 472 affordable homes for rent and sale across two developments.

There will be a 307-home development in Burgess Hill, Sussex and a 165-home development in Exmouth Junction, Exeter.

ilke Homes will provide will provide a range of apartments and two, three and four-bedroom homes, which will be managed by Places for People and available for affordable rent or for sale through shared ownership.

In Exeter and Sussex house prices rose by 7% and 14% respectively in the past year.

Average asking prices in Exeter currently stand at £300,521, while prices in Sussex have reached £421,075.

Scott Black, group executive director – developments, at Places for People, said: “By adopting modern methods of construction (MMC), our partnership with a proven modular business such as ilke Homes allows us to create more affordable, well-designed mixed-tenure communities across the country – speeding up delivery, cutting costs and giving our customers unrivalled choice and quality.

“The partnership is about pioneering a new way of delivering homes through making socially-responsible decisions and working with best-in-class partners.

“Our investment in modular housing across our developments and the proposed acquisition and delivery of Exmouth Junction and Burgess Hill forms an integral part of Places for People’s ambitious growth strategy to deliver high quality affordable homes which meet people’s needs.”

The deal comes two years after ilke Homes entered a strategic partnership with Places for People.

Dave Sheridan, executive chairman at ilke Homes, said: “We are extremely pleased to have secured these sizeable opportunities which demonstrate our continued investment and expansion across the South-East and South-West regions.

“These transactions mark a significant achievement for our modular business, with Burgess Hill being the largest for our business in both GDV and volume for a forward-sold turn-key delivery package on a single site.

“Exmouth Junction is similarly the largest site to date secured and packaged in the SW region. We are proud to be delivering these homes in partnership with Places for People, making a considerable and accelerated contribution to the availability of affordable homes nationwide.”

ilke Homes has also signed a deal with Boots UK to deliver the UK’s largest low-rise modular housing development – a 622-home scheme in Beeston, Nottingham.

The deal marked the first time the retailer had released any part of its Nottingham HQ site holdings for housing.

The government is encouraging the redevelopment of brownfield sites to bring new investment into areas and increase housing delivery.

Places for People is a strategic partner with Homes England. In 2018, Places for People was one of the first organisations to be awarded a grant from Homes England and will deliver circa 6,000 affordable homes over the next 10 years through this partnership.

Last year, the government’s national housing agency announced that housing associations looking to sign deals under the new £11.5bn Affordable Housing Programme will have to commit to using modern methods of construction (MMC) to deliver at least a quarter of their pipelines.

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