Ikea’s MMC spin-off BoKlok buys three UK sites
The Scandinavian joint venture between homeware giant Ikea and contractor Skanska is building homes in the south and south-west.
Modular housebuilder BoKlok UK has announced the exchange of contracts on its first three developments, since launching in the UK in 2019.
The sustainable and low-cost home provider, jointly owned by Skanska and IKEA, is carrying out construction on two housing developments in Sussex towns, Worthing and Peacehaven, plus one in Bristol.
Subject to planning permission, the three sites will provide around 400 homes, of which the majority will be for market sale.
A portion of the BoKlok homes will be sold to local authorities and housing associations to be part of their social housing schemes.
The news comes after Housing Today revealed in October last year that the firm was planning to open its first UK-based timber frame housing factory.
BoKlok, meaning 'live smart' in Swedish, manufacture their homes off-site and feature IKEA fittings, which are then transported to the construction site for assembly, in order create predictable and low costs plus reduce waste.
The first developments are expected to complete in 2021.
At present, BoKlok has developed around 12,000 homes in Sweden, Finland and Norway.