Legal & General Modular Homes (LGMH) and housing association VIVID have announced a five-year joint venture partnership to deliver over 1000 sustainable and affordable modular homes.
The partnership will see LGMH and VIVID, one of the largest providers of affordable homes in the south of England, deliver up to 300 net zero carbon homes per year. The joint venture aims to deliver its first homes in 2023.
The announcement follows the news that LGMH has been selected by the City of Wolverhampton as preferred partner for the development of around 400 homes in the city.
This new venture supports LGMH’s ambitions to deliver several thousand homes a year as part of the industry drive to deliver 75,000 homes a year via MMC by creating new skilled jobs and improving industry productivity in factories across the country, it said.
Rosie Toogood, CEO of Legal & General Modular Homes, said: “We are delighted to be working with Vivid. Our partnership brings together two like-minded organisations with shared values and objectives to deliver much-needed high quality affordable homes that will make customers feel safe, comfortable, and enjoy where they live.”
Mark Perry, Chief Executive of VIVID, added: “I’m delighted that we have signed this joint venture with Legal and General. We are both committed to providing new homes to address the housing shortage and in particular for us where that helps meet our affordable housing ambitions.
“They’re focus on building energy efficient and sustainable homes has to be right given the cost of living and energy crisis people are facing.”
Image credit: LGMH
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