Leading modular housing pioneer ilke Homes has started work to deliver 146 energy-efficient, affordable homes at the Glenvale Park development in Wellingborough, as part of Man GPM’s community housing focus. The announcement marks the second time ilke Homes and Man GPM have worked together to deliver an affordable-led scheme, having
Modular housing firm ilke Homes has raised a record-breaking £100 million from new and existing shareholders following successive years of triple-digit growth. The round is being led by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), a leading global investment manager with approximately $46 billion of assets under
A leading housing association has signed a £100m+ contract to accelerate the number of low-carbon, factory-built homes it builds every year. Bromford has sealed a four-year contract with MMC developers ilke Homes Ltd and Hadley Group to provide hundreds of new homes across the West Midlands and West of England.
Stylish, high-quality products matched with outstanding quality control and a seamless delivery process are just some of the reasons why leading uPVC window and door manufacturer Euramax Solutions has been chosen as a main supplier of modular home manufacturer ilke Homes. Based in Knaresborough, North Yorkshire, ilke Homes manufactures up
Gresham House and ilke Homes have cause for celebration, as of 30th November the organisations officially broke ground at their first partnership zero carbon development at Hope Green in Stanford-le-Hope, Essex. Delivered by ilke Homes and funded by Gresham House, via its evergreen UK limited partnership Gresham House Residential Secure
Award-winning Yorkshire housebuilder Ilke Homes has partnered with national training provider Code for a major apprenticeship programme to develop its workforce. Ilke Homes is expanding its Knaresborough-based operation with the addition of 30 apprentices, and the company is currently recruiting for its next intake of production team members. The firm,
BDC 319 : Aug 2024
Leading modular housing pioneer ilke Homes has started work to deliver 146 energy-efficient, affordable homes at the Glenvale Park development in Wellingborough, as part of Man GPM’s community housing focus. The announcement marks the second time ilke Homes and Man GPM have worked together to deliver an affordable-led scheme, having struck a £31 million deal in December 2020 for a 226-home affordable housing development in Grantham, Lincolnshire. The 7.8-acre site forms part of phase one at Glenvale Park, which once complete, will deliver a total of 3,000 homes, over 200 acres of parkland, a new local centre and two new schools. The wider masterplan for Glenvale Park is expected to generate more than 3,000 jobs and £1.4 billion in economic impact for the area – with £2 of social value generated for every £1 spent during construction. Having received approval from North Northamptonshire Council, ilke Homes has started work delivering a mix of multi-tenure single family houses, apartments and maisonettes, ranging in sizes from one to four bedrooms homes. The homes – which are due for completion in 2024 – are being manufactured offsite at ilke Homes’ 25,000 sq. ft. factory in North Yorkshire, where precision-engineering techniques enable the company to deliver highly sustainable modular homes. ilke Homes can therefore commit to delivering energy-efficient housing, with a likely EPC rating of A, putting the properties in the top five percent nationally for energy efficiency, with the knock-on effect of saving consumers hundreds of pounds a year on energy bills. Thanks to most of the build stage taking place offsite, traffic disruption to the local community will be kept to a minimum. Man Group’s Community Housing team seeks to achieve the dual objectives of providing both social and financial returns, addressing the housing crisis in the UK by building homes that are affordable to households. The UK has experienced a significant, long-term mismatch between supply and demand in the housing market, which has led to an affordability crisis impacting households earning the median income and below. The team deploys institutional capital to build new homes with the aim of generating positive returns for investors and delivering a demonstrable social impact. Tom Heathcote, executive director of development at ilke Homes, said: “This scheme is testament to the continued confidence our customers have in our product, and we’ve enjoyed working with local planning officials and other stakeholders throughout the planning process and into the construction phase. After the success of our first joint scheme in Lincolnshire, we’re delighted Man Group have shown the confidence in us to deliver a second sustainable urban development scheme together. “Through our accredited modular methods of delivery, we can ensure the scheme aligns with Man Group’s own stringent ESG criteria, while also providing much-needed, energy-efficient and well-designed homes for the local community.” Building, Design and Construction Magazine | The Choice of Industry Professionals
Modular housing firm ilke Homes has raised a record-breaking £100 million from new and existing shareholders following successive years of triple-digit growth. The round is being led by funds managed by affiliates of Fortress Investment Group LLC (“Fortress”), a leading global investment manager with approximately $46 billion of assets under management. Existing investors TDR Capital and Sun Capital also subscribed to ilke Homes’ latest fundraising round, which was arranged by investment bank Citigroup and acts as a rare example of a company increasing its valuation as global stocks remain under pressure from the continued macroeconomic and geopolitical uncertainty. The new funding will be transformational for ilke Homes. It will help the company to significantly scale-up its operations and open a new manufacturing facility that, once operational, will increase the company’s output capacity to 4,000 homes a year, creating over 1,000 new jobs in the UK. “We are excited about our investment in ilke Homes. We see ilke Homes as the UK market leader in the manufacturing of modular housing and believe the company is uniquely positioned to increase the availability of high quality affordable housing in the UK while accelerating the transition to net zero,” said Rahul Ahuja, Co-head of European Credit at Fortress Investment Group. The investment will also allow the company to invest heavily in automating more of its manufacturing processes to further drive productivity. This will in turn enable ilke to secure more sites and expand its ‘package deal’ strategy, which offers full development service of land, infrastructure and homes in a rapidly growing market. The company, which has seen revenue grow by over 150 percent year-on-year, is already working with some of the UK’s biggest developers and investors, including global asset manager Man Group, FTSE 250-listed housebuilder Vistry Group, and housing association Places for People. Despite being founded just five years ago, ilke Homes is now delivering over 1,000 homes a year and has secured a pipeline of over 4,000 homes, putting it on par with some of the UK’s biggest housebuilders. Building, Design and Construction Magazine | The Choice of Industry Professionals
A leading housing association has signed a £100m+ contract to accelerate the number of low-carbon, factory-built homes it builds every year. Bromford has sealed a four-year contract with MMC developers ilke Homes Ltd and Hadley Group to provide hundreds of new homes across the West Midlands and West of England. The first homes to be delivered as part of the partnerships will be a 28-home zero carbon development in Moreton-in-Marsh in Gloucestershire delivered through Bromford’s in-house construction team and ilke Homes. The units are due to be installed in the spring of 2023 over an 8-week period. They will come equipped with air source heat pumps and solar panels that, when combined, will reduce operational emissions – such as those generated from utilities such as heating and electricity – by 100 percent. Plans for the scheme were approved by Cotswold District Council in February. High levels of energy-efficiency – achieved by increased air tightness and the use of low-carbon technologies – will translate into huge cost savings for Bromford’s customers, at a time when the annual energy price cap is predicted to be raised to more than £3,000 in October. Development and asset management innovation lead Mike Craggs said: “Providing affordable homes that are cheaper to run and heat is going to be increasingly important for our customers and these partnerships will allow us to make sure the homes that are provided of the highest, EPC-A standard. We’re thrilled to have signed these contracts with ilke Homes and Hadley Group to become our main providers of MMC homes for the years ahead, and are looking forward to work starting on our first development in Gloucestershire. “Utilising modern methods of construction is key to us delivering the number of affordable, energy efficient homes we are aiming to build during the next five years. Starting with 50 homes in the first year of the contract, we will increase this to up to 200 homes a year by 2025 and are looking forward to getting started on our first site later this year.” Tom Heathcote, executive director of development at ilke Homes, said: “ilke Homes are increasingly becoming a partner of choice for housing associations looking to scale up the delivery of energy-efficient, affordable housing. Much like many councils and housing associations across the country, Bromford and Cotswold District Council understand the role MMC have to play in enhancing the build quality of homes and their ability to speed up construction programmes. We look forward to working closely with all delivery partners to bring this scheme forward.” Ben Towe, group managing director at Hadley Group said: “Hadley Group is delighted to be a Bromford Homes delivery partner for new modular home where better efficiency delivers greater affordability for everyone. The housing crisis is not only about more homes, but also about better performance of those homes so they cost less to heat, light, helping people out of fuel poverty.” Paul Nicoll, director of advanced methods of construction (AMC) added: “Bromford have taken the initiative by selecting Hadley HOME as a delivery partner and we are excited that together we can develop more homes faster than before by embracing modular. Bromford will achieve the highest EPC rating, benefiting both the environment through efficiency and reducing the cost of living for those living and working from home.” In 2021 Bromford was named one of Homes England’s strategic partners, securing £240m to develop new homes, 25% of which have to utilise modern methods of construction. Bromford is one of the biggest builders of affordable housing in the country, completing 1,224 homes in the past financial year. For the past two years it has been the biggest builder of social rent homes* and aims to develop more than 7,000 homes over the next five years.
Stylish, high-quality products matched with outstanding quality control and a seamless delivery process are just some of the reasons why leading uPVC window and door manufacturer Euramax Solutions has been chosen as a main supplier of modular home manufacturer ilke Homes. Based in Knaresborough, North Yorkshire, ilke Homes manufactures up to 2,000 modular homes every year for local authorities, housing associations, developers and private investors, and can produce a home in just 15 days, with four modules coming off the production line each day. “In order to increase our output, we needed to collaborate with like-minded suppliers, and for the past two years, Euramax has really understood our manufacturing processes,” comments ilke Homes Procurement Manager Rachel Kaye. “In addition to supplying us with high-quality products, Euramax provides an excellent, efficient delivery service, really allowing us to streamline and get the most out of our production processes.” Working from a state-of-the-art 205,000 square foot manufacturing facility, Euramax Solutions manufactures high-quality uPVC and aluminium windows and doors that are the perfect fit for modular buildings. The company delivers all its products in stillages, minimising product damage during transportation, while also eliminating unnecessary plastic waste. Module identification numbers (MINs) are also provided for each stillage – these are specific to the windows and doors for each house and module type, ensuring products can be installed without hassle. Rachel continues: “Communication between everyone in the modular supply chain is vital to success, and thanks to regular monthly meetings and consistent input from Euramax’s technical team, we’ve been able to continue successfully producing modular homes. “Apart from being a reliable, trustworthy supplier, Euramax has allowed us to achieve the best possible outcome for our products.” Euramax Solutions Managing Director Nick Cowley comments: “Removing the complexity from supply chains, reducing production costs and increasing productivity is what we do every day for our clients in the modular construction sector. “Since partnering with ilke Homes, we’ve been delighted to supply such a big name in this market with our products. “We’re delighted that the company is happy with both our products and our delivery service, something we are very proud of. “It’s a real testament to our hard work and commitment, and we look forward to working with ilke Homes for many years to come.” For more information, call 0330 1340 290 or visit www.euramaxuk.com/
Gresham House and ilke Homes have cause for celebration, as of 30th November the organisations officially broke ground at their first partnership zero carbon development at Hope Green in Stanford-le-Hope, Essex. Delivered by ilke Homes and funded by Gresham House, via its evergreen UK limited partnership Gresham House Residential Secure Income LP (GH ReSI LP), the development at Hope Green is set to become one of the first and largest operational net zero carbon residential developments to be delivered in the country. Sales launch off plan in January 2022 and will be marketed by the sales and marketing team at SO Resi exclusively for shared ownership. Due to additional investment by Gresham House more than two-thirds of the properties at Hope Green will include innovative technology meaning the houses will generate enough energy to become operationally carbon neutral. Crucially, the boilers will be replaced with air source heat pumps, which require just a third of the energy of conventional heating systems. In addition, photovoltaic (PV) panels will be installed which will generate electricity to support the functionality of the home. Gresham House have worked with ilke Homes to build in other sustainable measures including highly insulated homes, efficient LED lighting, and water fittings. Alistair Wardell, Investment Director within Gresham House’s Housing team comments: “It is vital that corporations consider the long-term sustainability implications for delivering residential housing. This is particularly the case for the affordable housing sector, where more acute financial constraints generally preclude investment into greener living and technology. We are proud to be working in partnership with ilke Homes to deliver Hope Green, as the first of several pioneering residential developments in the pipeline for the partnership, which is seeking to break the mould while working towards a greener future. With most houses being upgraded to operational zero carbon, our investment at Hope Green is helping to create a genuinely affordable development for future homeowners alleviating fuel poverty issues whilst protecting the environment. “Gresham House’s aim to invest in better placemaking through sustainable innovation is supported by the ilke Homes’ fully modular construction method. The homes are built in a factory setting, which allows for greater build efficiencies with significantly less waste and reduced carbon emissions during the construction process. The speed of delivery to site, provides enhanced returns from the development and means the model can deliver much-needed housing at a rate closer to market demand.” Kush Rawal, Director of Residential Investment at SO Resi, adds: “It is crucial that companies take sustainability seriously, but often greener living comes at a cost and is unattainable for the affordable housing sector. We are proud to be working in partnership with Gresham House’s Housing team and ilke Homes to deliver a truly unique development as we work towards a greener future. With the majority of houses being zero carbon, SO Resi Hope Green is helping to create a genuinely sustainable development for future homeowners at an affordable cost.” Matthew Suggitt, Development Director (South East) at ilke Homes, comments: “This is the first land-led, package deal site that ilke Homes are delivering in the South-East market and we are proud to be delivering it as one of the first and largest operational net zero carbon developments in the UK. Sustainability is paramount to ilke Homes and to the collaborative partnership flourishing between ilke Homes and GH ReSI LP. These new affordable homes are testament to that ethos and our ambition to deliver net zero development at significant scale. Production of the modules will commence at our factory facility early in 2022 with first installs on site in spring 2022.” Hope Green will deliver a total of 153 new homes, comprising 138 two, three and four-bedroom houses and 15 two-bedroom apartments. The development will see the first completions in the spring 2022. All homes at the development will be exclusively sold under shared ownership, supporting the government’s key drive for more affordable home ownership. Once complete, Hope Green will include a significant amount of green open space replete with play areas, nature trails, attractive water features, a number of biodiversity areas to encourage local wildlife, and a network of footpaths and cycleways providing commutable connectivity into the town.
Award-winning Yorkshire housebuilder Ilke Homes has partnered with national training provider Code for a major apprenticeship programme to develop its workforce. Ilke Homes is expanding its Knaresborough-based operation with the addition of 30 apprentices, and the company is currently recruiting for its next intake of production team members. The firm, which builds zero-carbon modular houses and apartments, has teamed up with Code, a national digital skills training academy based in Sunderland, which delivers apprenticeship schemes for a range of employers. It specialises in training solutions around digital skills, such as digital support technicians, cyber security technologists, software developers and network engineers. With monthly starts available from May through to July, successful applicants for the Ilke Homes scheme will be enrolled upon a 12-month recognised training and development programme. Once training is completed, apprentices can expect a permanent position with a salary of around £22,000-per-year, plus associated benefits. Code works with companies of all sizes based throughout England to upskill their staff, supporting firms to find the best way to use their Apprenticeship Levy – a government scheme introduced in 2017. Employers can benefit from current government incentives of £3,000 per new apprentice start, and will have access to funding available to offset the costs associated with training their apprentices through recognised training provider Code. Code is the apprenticeships division of Rebuyer, which works with companies across the UK to recycle their old IT equipment to protect the environment and support families who don’t have access to laptops, tablets or PCs. Simon Howatson, chief executive of Code digital skills academy, said: “Companies are increasingly recognising the value of apprenticeship programmes to upskill their workforces. “Apprenticeships are a great way for people to learn vital new skills, and they are rewarding for businesses – leading to greater productivity and allowing firms to expand their operations. “As an employer, you can also get funding from the government to help pay for apprenticeship training. “We’re proud to have partnered with Ilke Homes and look forward to helping equip their workforce with the skills of the future.” Julia Norton, head of human resources at Ilke Homes, said: “We here at Ilke Homes are delighted to partner with Code in order to bring our current recruitment drive to life. “We see apprenticeships as an integral component of our expansion plan for 2021, starting with the introduction of apprentices to our core roles within the production and manufacturing team. “We are proud of both our product and our people; with our homes being built to the highest quality and specification. “I am confident that our apprentices will bring with them a wide range of skills and behaviours needed to drive the business, and operation, forward into the future – being efficient, effective and strengthening our already industry award-winning processes.”
