Redrow trials modular garages to cut costs

Aaron Morby 6 years ago
Share

House builder Redrow is stepping up its use of offsite manufactured components to cut construction costs.

Paddock Wood flats development where offsite services pods are being installed
Paddock Wood flats development where offsite services pods are being installed

The firm revealed it is now trialling the use of modular garages at two of its regional divisions.

The house builder is also installing service pods to homes at its Paddock Wood development at West Drayton near Heathrow Airport.

Announcing record results for the year to  June 2018, Redrow said the innovations were not only reducing reliance upon site based skilled workers but also give more certainty over costs.

During the year Redrow said build costs increased by around 4% with spikes in some material costs being offset by easing labour cost pressures.

Pre-tax profit jumped 21% over the year to £380m.

Group turnover jumped by 16% to £1.92bn as completions increased by 9% to 5,913 homes and average selling price rose 7% to £332,300.

The increase in average selling price was mainly due to the relatively faster growth at its southern businesses.

To underpin future growth Redrow has launched a new division in Thames Valley and reorganised its Greater London operations into East and West divisions to focus on growth in the capital.

Chairman Steve Morgan said: “Despite the uncertainty surrounding Brexit, demand for new homes continues to be robust, and overall house price inflation has moderated to a sustainable 2%.

“We entered the current year with a strong order book of £1.14bn, an increase of £110m over the previous year.

“Mortgage availability is excellent, and with low interest rates by historic levels, the mortgage market remains very competitive.”

He added that Help to Buy continued to support home buyers with 1,794 of Redrow.s private reservations secured through the Government-backed system.

Morgan said that Redrow expected to continue to grow its land holdings and increase the number of average outlets in the current year by 5% to 130 (2018: 124).

Latest news

Over 120 firms win £660m retrofit and decarb framework

LHC national framework covers capabilities from consultancy to retrofit works
7 hours ago

Costain signs PM and engineering resources deal for Sizewell C

10-year framework will cover project managers and engineers, cost controllers and risk managers
14 hours ago

Lovell Partnerships to build 2,260 South Wales homes

Cardiff and Vale of Glamorgan councils partnership to deliver homes over 10 years
14 hours ago

HS2 Euston tunnel work put on hold

Supply chain told of delays in shock announcement
22 hours ago

Gateway 2 approval delay pushes back Bristol student scheme

Student developer warns fire design approvals will push projects back 6 months
21 hours ago

Axa submits plan for 46-storey London city tower

176m office block plan submitted after 22 Bishopsgate space fully let
1 day ago

Winners named for NHS building safety and fire compliance deal

66 specialists and consultants lined up to deliver compliance backlog
21 hours ago

Durkan launches specialist housing upgrade business

Regeneration arm to deliver housing maintenance, retrofit and fire remediation works
2 days ago

Grants extended to switch van fleets to electric

Need for extra training for zero emission van drivers abolished
22 hours ago

Sweeping changes to public procurement come into force

Procurement Act 2023 brings greater duty to report on contract performance
2 days ago

£3bn London councils general works deal out to bid

Five-year London Construction Programme framework up for renewal
2 days ago

Didcot demolition disaster probe enters tenth year

Thames Valley Police "moving towards the latter stages of enquiries"
3 days ago

Hunt for development partner for £4bn Bristol Temple Quarter

130 ha masterplan could deliver 10,000 new homes
2 days ago

Sovereign starts hunt for £750m framework builders

Housing association looking for contractors across West, South, London and East
2 days ago

Bromford sets 11,000 new homes target across West of England

Housing association on land-buying spree to scale-up construction work
2 days ago

Administrators take control at Acheson Construction

40 staff made redundant at South West regional contractor
5 days ago

34 secure spots on £1bn NEPO civils framework

Balfour Beatty, Graham, Taylor Woodrow and Winvic signed up for first time
5 days ago

Bouygues claims net zero construction goal at Welsh project

Llanelli leisure centre and health campus achieves green construction target
5 days ago

Manchester civil service digital campus approved

Two Government office blocks totaling 900,000sq ft to cost £310m to build
5 days ago

New mobile charging vans crack electric plant downtime anxiety

FM Conway trials new service that recharges small plant in one hour
5 days ago

Build to rent deal kick starts 3,500-home Dagenham scheme

Deal secures 935-home first phase of Ford Dagenham plant redevelopment
5 days ago

RSK adds another 110 staff with N-Able Group deal

Consultant and construction services group makes latest acquisition
5 days ago

JRL Malaysian backers plan 580-home Wheat Quarter scheme

Plans in for Welwyn Garden City Shredded Wheat factory redevelopment
6 days ago

Recycled aggregate firms blast new waste crime levy

10% levy on all recycled aggregate producers to fund policing waste crime
6 days ago

£110m Liverpool Metalworks resi scheme gets nod

Legacie Contracts tipped for 16-storey Pumpfields project
6 days ago

Building products firm fined £1m after double accident

Scaffolder hurt in fall and worker caught in machinery at Norbord factory
6 days ago

Graham lands £42m Woking road upgrade

A320 upgrade will unlock new housing schemes along route
6 days ago

Dandara 300 homes High Wycombe project approved

Firm to demolish Chilterns Shopping Centre for build to rent job
6 days ago

Three Keltbray managers took £600,000 in bribes

Site managers convicted for taking kickbacks from labour supply specialist
7 days ago

Bidding starts for £1bn YORcivil major works deal

Eight firms face fight to renew places on big civils framework
7 days ago

Contractor services