Legal & General Modular Homes announces that it has opened its brand-new modular show homes for the public to view at its Portholme scheme in Selby.
15 Jul 2021
102 highly efficient homes have been built using precision engineering and high-quality sustainable materials from Legal & General’s modular factory in Sherburn in Elmet. Delivering a mix of high-quality 2/3-bedroom houses and 1/2-bedroom apartments, it aims to enhance the urban fabric of Selby and create a thriving new neighbourhood in the heart of this historic market town.
The new homes at Portholme, which have been developed in partnership with Selby District Council, exceed nationally described space standards and have been carefully designed to achieve Energy Performance Certificate Standard A, currently only attained by around 1% of new homes. A combination of photovoltaic cells and high-quality build standards will bring significant energy savings for residents of the new homes. Materials are sustainably sourced and the sensitive landscaping at Portholme also adds to biodiversity.
The homes are located on Portholme Road in the heart of Selby town. Just a short stroll to the historic Selby Abbey and the town’s high street shops, supermarkets, traditional pubs and a lively selection of independent cafes and bars. Portholme’s at the centre of Selby life, and only a 10-minute walk from the railway station, with mainline trains to Leeds, York and a direct service to London.
The Portholme scheme includes up to 30% affordable housing and will showcase how innovation in the industry can bring a step change to UK residential development, whilst delivering a sought-after place to live for a wide range of buyers.
With a standardised approach to manufacturing, quality, efficiency and productivity is driven up, and costs are driven down. Modular construction offers an impactful solution to the UK housing crisis, supporting UK jobs and helping to meet the Government’s objective to build more affordable carbon-friendly housing. Together with this scheme in Selby and its other schemes in Bristol, Broadstairs and North Horsham, Legal & General Modular Homes’ pipeline is delivering 670 new homes.
There are two new fully-fitted show homes alongside the sales and marketing suite, which is now open to the public on Wednesday – Monday. Viewings are currently by appointment only via the website www.lifebuiltin.co.uk/portholme. The scheme is set for completion by the end of 2021, and first residents are looking to be welcomed into their new homes this autumn.
Rosie Toogood, CEO, Legal & General Modular Homes: "Having seen these new homes being developed and built in our factory just up the road by local employees, it’s great to see them in place and becoming part of a community. The show homes look fantastic and we can’t wait to welcome everyone to see the high-quality sustainable homes that we have created."
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.2 trillion in total assets under management* of which 39% is international. We have a unique and highly synergistic business model, which continues to drive strong returns. Legal & General provides powerful asset origination and management capabilities directly to clients, which also underpin our leading retirement and protection solutions. We are a leading international player in Pension Risk Transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. Our purpose is to improve the lives of our customers and create value for our shareholders. Through inclusive capitalism, we are investing in long-term assets, such as real estate and infrastructure, that can help build a better society for the future.
*as at HY 2023
Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its capabilities in a range of alternative sectors, including in residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital, which are all supported by long-term structural growth drivers, meet a financing gap and respond to a scarcity of supply that is underpinned by enduring societal needs.
Its purpose is to invest society’s capital for society’s benefit. Investing in the real economy and supporting the Group’s focus on climate and inclusive capitalism, LGC’s investments create jobs, change lives and contribute towards a net zero carbon future.
Legal & General has invested over £29bn in levelling-up regional economies, including through major UK-wide regeneration schemes and has recently made a commitment to enable all its new homes to operate at net zero carbon emissions from 2030.
*at 31 Jun 2021