Ilke Homes lands £44m deal for Essex housing development

Grant Prior 3 years ago
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Modular housing specialist ilke Homes has agreed a £44 million deal for a new development in Stanford-le-Hope, Essex.

The scheme will be delivered as part of ilke Homes’ ‘turnkey’ package deal – whereby customers can purchase complete developments sourced and delivered by the company.

This involves ilke Homes securing land, gaining planning permission, manufacturing the homes and developing the sites.

The deal has been signed with with ReSI LP’s for-profit Registered Provider, ReSI Homes Limited.

Tom Heathcote, executive director of development, said: “We’re looking forward to commencing on site towards the end of August and delivering what will be ilke Homes’ first development led package deal in the South East.

“This scheme will provide a selection of 2-4 bedroom  affordable homes in Essex set within generously proportioned and attractively landscaped open space.

“We are excited to partner with ReSI LP and deliver them our exemplar homes, this transaction being a testament to ilke’s commitment to scaling-up its offering to the market.

“With house prices rising at an exponential rate and affordability levels hitting record lows, scaling-up the delivery of affordable housing has never been more important.

“Thanks to our accredited offsite method of delivery, ilke Homes’ teams will be able to stick to a strict construction programme and ensure these homes are delivered as quickly as possible.”

 

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