Japanese building company Sekisui has entered the UK market after buying a 35% stake in the modular construction business House, run by Urban Splash. The firm is also planning to build more than 100 new homes for people with disabilities over the next five years. Sekisui’s £22m deal is part of a £90m investment in House. President Yoshihiro Nakai said his company’s technology could help resolve the UK's housing problems, while Urban Splash chairman Tom Bloxham said Sekisui had unrivalled experience in modular house building.
Japanese building company Sekisui has entered the UK market after buying a 35% stake in the modular construction business House, run by Urban Splash. Meanwhile, Urban Splash has won £30m ($39m) from the UK government’s Home Building Fund, run by the Homes England scheme. Sekisui’s £22m deal is part of a £90m investment in House. President Yoshihiro Nakai said his company’s technology could help resolve the UK's housing problems, while Urban Splash chairman Tom Bloxham said Sekisui had unrivalled experience in modular house building.