Sekisui sets sights on UK

Housebuilding

Japanese modular housing giant Sekisui House has set up a UK company with a view to launching a major modular housebuilding push in the UK, Property Week can reveal.

The Tokyo Stock Exchange-listed company, which has a market cap of $12.7bn (£9.7bn), has set up Sekisui House UK and met with the government to discuss its plans.

According to government records, representatives from the company met with secretary of state for housing, communities and local government James Brokenshire and Homes England in November 2018 – the same month the company was incorporated – to discuss “housing in the UK”.

It is thought the company will look to emulate its success across Asia, the US and Australia, where it has used modular construction methods to deliver millions of houses and apartments.

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