Modular housing company ilke Homes has secured a 12.4-acre site in Hastings, East Sussex for the development of up to 140 factory-built homes.
Subject to planning consent, the development will deliver a mix of apartments and houses, ranging in sizes from one to four bedrooms – all of which will be made available for either affordable rent or shared ownership.
The announcement marks the company’s continued expansion in the South East region, where it is already committed to delivering in excess of 800 homes across a number of sites and follows news that ilke Homes has raised £60 million in a recent fundraise from investors across the public and private sectors – including Homes England, Asda owners TDR Capital, Sun Capital and The Guinness Partnership.
A Reserved Matters application will be submitted to the local council in November, with ilke Homes aiming to commence on site by autumn 2022. Practical completion of the first homes will follow from spring 2023 onwards.
Tom Heathcote, Executive Director of Development at ilke Homes, said: “ilke Homes is increasingly becoming a partner of choice for local authorities looking to scale up the delivery of energy-efficient, affordable housing, and this deal is testament to that. Our accredited modular methods of delivery will ensure that these homes help Hastings Borough Council, who in 2019 declared a climate emergency, meet carbon reduction targets while simultaneously delivering well in excess of the 40 percent policy compliant provision of affordable housing required by the outline planning permission.
“We look forward to working with both local planning officials and other stakeholders to finalise plans for what will be a truly well-designed community that will be providing much-needed affordable housing for the area.”
