Japanese housebuilder takes one third stake in Urban Splash

By Hamish Champ2019-05-14T09:12:00

Sekisui House to work with New Islington developer and build 2,000 modular homes a year

Urban Splash expects to build 10 times as many modular homes following Sekisui House, the Japanese housebuilder, taking a 35% stake in a new business created by Manchester-based developer.

Sekisui House has invested £22m in Urban Splash House Holdings with a view to ramping up capacity at Urban Splash’s modular homes factory in Alfreton, in the east Midlands, from 200 homes a year to 2,000.

The Japanese firm, which has built more than 2.4 million homes across the Far East, Australia and the US, has established a team of four executives in London who will work with Urban Splash on increasing capacity with immediate effect.

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