Skanska and Ikea agree JV with housing association
Skanska and Ikea’s modular homes business BoKlok UK has entered a new joint venture with affordable homes provider Vivid to deliver homes “at pace”.
BoKlok and Vivid, which is based in the South East, said they would build 300 new modular homes per year on sites throughout Hampshire, Surrey, Berkshire and West Sussex. The five-year agreement will see a joint approach to land, planning and the delivery of new modular homes.
The partnership will deliver a total of 1,000 homes over the next five years, as part of Vivid’s plans to deliver 17,000 homes over the next 10 years.
Graeme Culliton, BoKlok UK managing director and country manager said: “This is an exciting opportunity for both BoKlok and Vivid. We share the same values and determination to bring more sustainability to the UK housing market.
“Working together allows us to accelerate our housing concept and build on the foundations we have already made in the south west region.”
Mark Perry, chief executive at Vivid said: “We’re delighted to announce we’re working with BoKlok on this first of its kind partnership with a housing association, having admired its innovative developments, building both sustainable and high-quality homes.
“Vivid and BoKlok have a common vision and are aligned in our forward-thinking approach, to build more homes across a range of tenures, using the latest approach in modular construction. BoKlok is also the right partner for us with our drive to net-zero carbon.”
BoKlok and Vivid site development work will begin in 2021.