BoKlok UK & VIVID create new modular housing joint venture
BoKlok UK, the sustainable, quality low-cost home provider, jointly owned by Skanska and IKEA, and leading affordable housing provider, VIVID, have announced a new innovative joint venture to deliver modular homes. The two organisations are coming together to deliver new modular homes at pace and introduce a place-making concept that integrates communities and provides sustainable quality for both owner occupiers and affordable tenures.
BoKlok and VIVID are working collaboratively to deliver 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 which have achieved outstanding recognition in the Nordics.
VIVID has a wealth of regeneration experience and a desire to build long term sustainable homes and communities. VIVID will be building 17,000 new homes over the next 10 years and this partnership will be key to maintaining VIVID’s continued growth.
BoKlok and VIVID have come together due to their shared goals to deliver more high-quality homes, their joint focus on sustainable living, and the combined ability to build and deliver more homes to address the housing shortage. Homes built through the partnership will be available in a mixture of tenures, including affordable housing, to ensure accessibility for all. Together they aim to deliver over 1,000 new homes over the next five years.
As well as implementing off-site precision engineered homes, BoKlok will use its sustainable technologies to reduce energy bills and provide people with opportunities to enjoy the local environment through a joint approach to place-making and community enrichment.
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.