Legal & General announces JV to deliver 1,000 new modular homes

Legal & General to deliver 1,000 new modular homes
Image: Legal & General

Legal & General Modular Homes (LGMH) and affordable homes provider Vivid have announced a five-year joint venture partnership to deliver over 1,000 highly sustainable, affordable modular homes in the South of England.

The partnership plans to deliver up to 300 Net Zero (regulated) Carbon homes per year working together to address the energy and housing crisis.

The joint venture will deliver its first homes in 2023.

The announcement of this new partnership follows closely on 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.

“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,” said Rosie Toogood, CEO of Legal & General Modular Homes.

“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,” said Mark Perry, Chief Executive of Vivid.