Ilke Homes is to build 40 modular homes on brownfield land owned by Network Rail, next to Beeston station in Nottinghamshire.
The deal is Network Rail’s first in modular housing and is part of its strategy to release under-utilised land for development, with profits reinvested in the rail network.
The new homes are due to be installed in the fourth quarter of 2021.
Ilke Homes recently secured a £30m investment from Homes England to increase the capacity of its factory in Knaresborough near Harrogate, as part of a scheme to boost modern methods of construction and deliver more modular homes across the UK.
Tom Heathcote, executive director, development, ilke Homes: “We are proud to partner with Network Rail to create a sustainable development of much-needed family homes for a growing community.
“Modular homes represent the future of housing and we believe this residential development will be a shining example of what they can deliver for homeowners, communities and the UK economy.”
David Biggs, managing director, Network Rail Property, said: “By joining forces with ilke Homes on the redevelopment of this brownfield site, we are able to deliver sustainable housing in a growing area, with brilliant access to transport.
“The development not only supports the government’s strategy to accelerate the rollout of modular housing but will also drive local economic growth. What’s more, all profits generated by Network Rail will be reinvested back into railway.”