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Keepmoat is to unveil what it calls the 鈥渘ext generation of UK-sourced, off-site built homes鈥� at an event in Gallions Reach in East London tomorrow (Wednesday, 10 May).

Representatives from housing associations, local authorities and build-to-rent landlords will see modular-built housing developed by Ilke Homes, a joint venture between Keepmoat and modular construction specialist Elliott.

Homes are constructed at Ilkes Homes鈥� assembly plant in Carnaby, East Yorkshire, then sent complete and ready to fit to sites where they are installed at a rate of 10 a day, 鈥渁llowing a street of homes to be installed in a week and saving as much as six months on a 50-home development鈥�, according to Keepmoat. 

The venture, which is being backed by 拢8m of funding from TDR Capital, the private equity firm which owns both Keepmoat and Elliott, said it expected to open a second UK assembly plant 鈥渨ithin a year鈥�. However location details were not being revealed in advance of the presentation in East London.

Each assembly plant can build more than 500 homes per year, customised to client specifications, Keepmoat said. Ilke Homes鈥� system is designed for two to three storey terraced or semi-detached houses and flats. The firm said its homes had running costs a third cheaper than traditionally-built brand new homes and a third of the running costs for the average UK home.

Keepmoat chief executive Dave Sheridan said his firm鈥檚 experience of partnership housing 鈥渟hould be obvious in an adaptable product that meets landlord and developer requirements for all tenures, as well as offering the resident an attractive, high performing home.

鈥淪ome of the gains are less obvious. Show us a difficult regeneration site and we will show you how it can be unlocked. Limited access and community resistance can both be overcome more easily with modular homes. We are offering additional homes and not simply a better construction method.鈥�

Lee Newman, Elliott鈥檚 chief executive officer, said the key to the success of any modular solution was to have it fully designed for manufacture: 鈥淲hat Ilke Homes does so well is in combining that basic standardisation with sufficient flexibility to meet landlord and market requirements, as well as the ability to blend in with local architecture across the UK.鈥�