Legal & General Modular Homes (LGMH) and VIVID, one of the largest housing associations in the south of England, have today announced a five-year joint venture partnership to deliver over 1000 highly sustainable, affordable modular homes.
VIVID, which currently provides around 33,000 affordable homes to 72,000 customers, will team up with LGMH to deliver up to 300 net zero carbon homes per year, working together to address the energy and housing crisis. The joint venture will deliver its first homes in 2023.
The news comes shortly after LGMH announced it had been selected by the City of Wolverhampton as the preferred partner for the development of around 400 homes in the city.
This new venture will support 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.
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: “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. Their focus on building energy efficient and sustainable homes has to be right given the cost of living and energy crisis people are facing.”
LGMH is committed to the delivery of high-quality affordable and sustainable homes, with each future development targeted to be certified as net zero regulated carbon. The developer uses a combination of thermally efficient materials, air source heat pumps, and solar panels resulting in homes that are highly energy efficient, have a greatly reduced carbon footprint both during construction and across the lifetime of each home, and generate significantly reduced heating bills for residents.
