Network Rail unlock brownfield site

Around 40 sustainable modular homes are set to be created in Nottinghamshire after Network Rail and modular home developer ilke Homes announced a significant investment in a brownfield site next to Beeston station.

The deal, which has been brokered by JLL, will see a partnership-led redevelopment of the 2.2-acre site, with much-needed housing and car parking around a key transport hub which offers direct transport links into Nottingham city centre being delivered on the site.

Modular homes, which are built off-site, are more cost-effective to maintain, quicker to construct and have a lower carbon footprint than traditional brick houses, making them a sustainable housing solution.

The development is to be backed by Government funding after ilke Homes secured a £30 million investment from Homes England to increase the capacity of its factory, as part of a scheme to boost modern methods of construction and deliver more modular homes across the UK.

The partnership with ilke Homes supports Network Rail’s strategy to release land for housing to drive economic growth and help communities to thrive, whilst generating capital to fund rail improvements for the benefit of passengers, taxpayers and the economy.

David Biggs, Managing Director, Network Rail Property, said: “By joining forces with ilke Homes on the redevelopment of this brownfield site, we are able to deliver sustainable housing in a growing area, with brilliant access to transport.

“The development not only supports the government’s strategy to accelerate the rollout of modular housing but will also drive local economic growth. What is more, all profits generated by Network Rail will be reinvested back into railway.”

Tom Heathcote, Executive Director, Development, ilke Homes: “We are proud to partner with Network Rail to create a sustainable development of much-needed family homes for a growing community.

“Modular homes represent the future of housing and we believe this residential development will be a shining example of what they can deliver for homeowners, communities and the UK economy.”

If you would like to read more like this, then please click here

The post Network Rail unlock brownfield site appeared first on UK Construction Online.