But the company, which operates out of its 550,000-square-foot modular factory in Sherburn-in-Elmet near Leeds, recorded its first turnover of £12 million since its inception. L&G invested £37 million in its modular business last year and continues to suffer a loss of £25 million (before tax) last year. Yes. Like any type of residential project, a modular residential complex requires planning permission from your local authority and must also comply with building codes. You can see our construction quality assurance below. We can work with you early in the planning process to assess the site and assist you every step of the way. Modular homes can be manufactured on a large scale and faster than traditional homes. We also ensure that fit and finish are an important consideration from the early stages of planning, reducing the need for refurbishment work to address post-construction issues. All this means that the total cost of building modular properties can be lower, while making forecasting and control easier. For the first two years, the market was flooded with rumors that things weren`t going as planned. It was even suggested that L&G should install a new door in the factory, as modular units could not pass through the building`s original entrance. “And I also think that some of the methods we use in the factory will enter the arena of traditional construction.” Rosie`s experience with aerospace and engineering company Rolls-Royce means she has a history of running a manufacturing company focused on designing and developing innovative new products.
She is the voice of our approach to designing, manufacturing and building modular homes. On the south side of the factory is an L&G academy where new recruits are taught. The quality and safety of our modular homes is ensured by all the industry standards you expect from any residential complex, including ISO 45001, ISO 9001, BOPAS and NHBC. We have created our own Modular Academy to equip our employees with the skills and knowledge they need to build homes that meet the highest safety and quality criteria. We want to make the housing market fairer for everyone by offering high-quality, comfortable, sustainable and affordable modular homes. All our homes are EPC A rated and exceed NDSS room standards. They are also suitable for different rentals and can meet the different needs of the modern housing market. Terry joins us from Homes England, where he previously led the land, strategic land and South East acquisition teams.
Previously, he worked for Taylor Wimpey and served on the boards of various housing associations. As Head of Partnerships, Terry believes that modular products are fundamentally changing in terms of quality, efficiency and sustainability, and looks forward to working with public and private partners to create much-needed new homes, both in terms of regeneration and new developments. “I don`t think it`s a panacea, but I think [modular] plays a big role,” she says. “There will always be the need for a construction industry and the need to renovate custom homes, extensions and homes. I think modular will end up building a high proportion of houses in the UK. We build our modular homes in our 550,000 square metre factory near Leeds, capable of producing up to 3,500 properties a year. If we do most of the work off-site, we can almost cut construction time in half and speed up the delivery of the new homes the UK desperately needs. We design and create custom modules that assemble quickly and easily to ensure that all our modular features are identical in terms of fit and finish. The quality of everything is checked before we leave the factory, which means things go well when we build, we can spend less time on site and finish projects faster. The UK property market is facing serious challenges and we believe it is time for a new approach. Using precision techniques inspired by industries such as automotive and construction, we are building modular homes that we hope will be at the heart of happy and sustainable communities.
Legal & General has been in business since 1836 and has established itself as a market leader in areas such as life insurance and occupational pension plans. The group launched its Modular Homes business after recognising the need for new solutions to tackle the UK`s housing crisis. We work closely with the company`s other residential divisions, such as the Construction for Rent and Affordable Housing teams. Legal & General has a strong track record in the real estate sector, investing in urban regeneration, financing affordable housing and now building modular homes. Modular Village: One of 102 show homes in Selby, not far from the L&G factory, Paul worked in land acquisition roles for 15 years, acquiring skills he now uses in the exciting world of modular living. His main areas of expertise include building relationships with suppliers and strategic partners, negotiating contracts, assembling complex locations and overseeing transactions from initial proposal to legal close. “I`m old enough to remember when cars were garbage,” says Toogood, who arrives at the factory in his trash-free Tesla. Modular homes are built to last the same amount of time as a traditional property.
Our modular homes are manufactured and installed to ensure they last for decades with proper maintenance, with all new properties receiving a 10-year NHBC certification. We build modular homes of high quality in terms of speed and scope, using modern design and manufacturing techniques. L&G is certainly starting to significantly increase its modular business. The company has contracts to build 185 units in Bristol, 95 in Warminster, 153 in Broadstairs, 80 in Littlestone and 221 rental units in North Horsham, in partnership with L&G`s leased construction company. However, Toogood rejects this, saying the new doors were added during the reconfiguration of the factory to make it easier to move the modular units. Each house consists of two volumetric modular units stacked on top of each other, then walled up before adding a roof. It`s fair to say that L&G`s modular arm got off to a slow start when it launched in 2016. The company poured tens of millions of pounds into setting up the operation, but ran into a number of start-up issues while dealing with the best manufacturing of the homes. Our homes are manufactured in our 550,000 m² factory in Sherburn-in-Elmet, near Leeds. Assembling the modules in a finished property requires skills and training and is therefore not a suitable undertaking for those who want to build themselves. Safety is our top priority.
We set up a work system that allowed us to operate our modular homes and construction sites safely COVID. Our teams are committed to offering the best to our customers, suppliers and the communities in which we operate, so please do not hesitate to contact us if you have any questions or need help. L&G`s modular housing business has recorded cumulative pre-tax losses of £174 million since its inception six years ago. According to Toogood, the clientele of these new modular homes is not only first-time buyers. The pandemic has also led to an increase in requests from younger families and older couples looking to downsize. The modular business started six years ago with the intention of producing 3,000 homes a year over time. As the company ramps up operations in its L&G Modular Homes division, its managing director, Rosie, is offering Toogood Property Week an exclusive tour of its main factory in Yorkshire and a test development site in Selby, 20 minutes from the factory, where it is building 102 homes.