Legal & General Modular Homes is proposing a new neighbourhood of innovative modular homes at Bore Hill Farm in Warminster. The plan, the first of its kind in Wiltshire, would deliver 95 highly sustainable, energy efficient and affordable homes on the site which is allocated for residential development in the Wiltshire Council plan.
15 Dec 2021
Legal & General Modular Homes’ innovative approach to housing delivery has gained significant momentum within the marketplace, with the business commencing construction on sites at Selby, Bristol and Broadstairs during the year for the delivery of 450 homes. Having also acquired land at Littlestone, Kent, North Horsham and Warminster the business is currently seeking planning permission to deliver a further c.400 homes across these three sites, with construction expected to commence early in 2022. Opportunities are also being surfaced to deliver thousands more homes over the next three years across the country.
Legal & General Modular Homes are leading the way in the delivery of high quality affordable and sustainable homes with each home achieving a minimum of Energy Performance Certificate (EPC) “A” by design. Currently fewer than 2% of new-build homes in the UK achieve this high standard. The combination of air source heat pumps and solar panels results in homes that are highly efficient with a greatly reduced carbon footprint both during construction and across the lifetime of each home. It also means significantly reduced heating bills for residents.
Rosie Toogood, CEO, Legal & General Modular Homes: "Our innovative approach is bringing high-quality modular homes that are comfortable, sustainable and affordable to the market. We are delighted to have made such an impact on the market in 2021 and are looking forward to adding to our growing delivery pipeline in 2022."
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Notes to editors
Established in 1836, Legal & General is one of the UK's leading financial services groups and a major global investor, with over £1.4 trillion in total assets under management* of which a third is international. We also provide powerful asset origination capabilities. Together, these 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. Through inclusive capitalism, we aim to build a better society by investing in long-term assets that benefit everyone.
*at 31 Dec 2021
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.
(As of June 2021)