Reuben Brothers invest £19m in modular homes specialist

Grant Prior 12 months ago
Share

Property giants Reuben Brothers have invested £19m in modular house builder Project Etopia.

Project Etopia's first development in Corby
Project Etopia's first development in Corby

The cash injection will enable Project Etopia to accelerate its expansion plans

The Cambridge based firm specialises in modular homes that combine energy-efficient passive design, affordability, rapid construction, renewable energy generation and storage, as well as intelligent heating and cooling systems.

A panelised build system means the amount of time spent on site and during the construction phase is lowered significantly.

Project Etopia’s first major development is a 47-unit residential scheme in Corby, Northamptonshire.

A spokesperson for Reuben Brothers, said: “Project Etopia has set out its stall in building elegantly-designed, high quality eco homes and is already demonstrating how its vision aims to make a big impact to address the UK’s housing crisis.

“The company has enormous ambition to revolutionise the housing industry, and we are pleased to support an important pioneer in the sector.

“The day when offsite construction arrives as a mainstream method within house building is drawing ever closer and our investment will provide Etopia the resource needed to deliver on its goals as soon as possible.”

Joseph Daniels, CEO of Project Etopia, added: “Reuben Brothers’ significant investment in Project Etopia is a huge endorsement by an eminent investor of what we are doing and marks an enormous milestone in the company’s history.

“There is no place for poor quality housing in the UK, and we are demonstrating that high-quality affordable housing can be built at great speed with a drastically smaller environmental footprint.

“With a growing pipeline of future projects, this latest investment will ensure we can take full advantage of the demand which exists for new homes that use the latest offsite techniques.”

Latest news

10,000 jobs at risk in nuclear supply chain without Sizewell C

Contractors urge Government to back new Suffolk nuclear power station
3 days ago

Lendlease sells London office tower for flats revamp

Grant Lipton buys Chiswick office block to covert to 137 homes
2 days ago

Aecom wins PM role for £700m Whipps Cross hospital

Construction is hoped to start befoe the end of 2022
2 days ago

Kier plunges to £273m loss

Heavy restructuring costs and building losses set Kier back
3 days ago

Tolent order book rises to £190m despite southern exit

Directors wind down loss-making southern business to focus on north and central England
3 days ago

Hull contractor writes roadworks sign in local dialect

"Yer Jerking, Merr Rerd Werks" sign unveiled by M B Roche & Sons
3 days ago

M&E firms now optimistic after worst fears not realised

Firms in positive mood even with furlough scheme drawing to a close
3 days ago

£216m deal for East Coast Main Line power upgrade phase 2

Rail Electrification Alliance, including VolkerRail and Murphy, signs contracts
3 days ago

Tender prices hold firm but likely to fall 2.5% in 2021

Mace cost consultancy forecasts bid pricing fall next year
3 days ago

Skanska chief to chair CBI construction council

Gregor Craig will succeed Sir James Wates in November
3 days ago

Henry Construction hires safety director

Former Murphy safey chief joins Henry Construction
3 days ago

Go-ahead for West London 460-home build to rent scheme

TfL/Grainger JV to start five-block scheme next to Southall station
4 days ago

Argent advances plan for fifth Paradise Square building

Four architects in contest to design Three Chamberlain Square and hotel
4 days ago

Mini nuclear power lifeline for Wylfa site

Rolls-Royce eyes North Wales site after Hitachi confirms £20bn nuclear power plant canned
4 days ago

Morgan Sindall set for £40m Birmingham Uni lab job

First phase of Molecular Science complex to start early next year
4 days ago

Leaders press Chancellor for targeted six-pack stimulus

Industry tables carbon reduction, cladding and job creation plan for Autumn spending review
4 days ago

Worker killed as scaffold collapses during dismantling

Contractor and director fined after fatal fall in north London
4 days ago

Vital Energi to build waste heat from power plant centre

Low-carbon energy centre to use spare heat from planned £680m energy from waste plant
4 days ago

Spring start for next Harwell science block

Builder yet to be named for Quad 2 building
4 days ago

MPs slam missed cladding remediation target

Public Accounts Committee warns it is “imperative” new 2021 deadline to replace cladding is met
4 days ago

Galliford Try suffers £60m loss

Contractor forecasts return to profit this year and targets 1.6% margin
5 days ago

Pulling-out of London market costs Redrow £35m

Making "acceptable" returns in the capital "increasingly more difficult"
5 days ago

Balfour tops August contracts league with civils wins

Value of industry civils contract wins rises above last year's pre-Covid level
5 days ago

Lendlease to cut 240 UK staff

Lendlease streamlining to see workforce cut by 15%
5 days ago

Network Rail to prototype composite station bridges

Low carbon composite bridges could be used to replace existing assets
5 days ago

Nuclear supply chain fears as £20bn Wylfa project scrapped

Firms warn Sizewell C plan now essential to protect developing industry
5 days ago

Nine win next phase of £12bn Openreach roll-out

2m more homes to be hooked up in ultrafast broadband push
5 days ago

Competition watchdog probes Interserve FM sale to Mitie

CMA investigates £271m merger to create UK's largest FM firm
5 days ago

Henry Boot puts social housing arm into liquidation

Starfish Commercial closes year after acquisition
6 days ago

Imtech cuts jobs as founder steps down

Imtech Engineering Services to axe 50 jobs in streamlining
6 days ago

Contractor services