Legal & General is gearing up to deliver around 3,000 modular homes a year from a recently leased mammoth warehouse in Yorkshire.
The investor has confirmed it has leased a 550,000 sq ft warehouse (pictured) 15 miles east of Leeds, which will become the world’s largest modular housing factory.
A market source said Legal & General’s target was to deliver “around 3,000” homes a year. Prototypes will be unveiled by June.
The source added: “At the moment it’s just an empty factory - they’ve just taken the lease. But they’re beginning to assemble all the machinery and build the expertise.
“They’re aiming to establish a facility that can deliver fairly flexible and bespoke housing. They’ll work with a wide range of firms, housebuilders, local authorities and at all levels.”
The modular housing business will trade as Legal & General Homes and will operate as a subsidiary of Legal & General Capital. The facility will initially employ 400 to 500 local people.
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