Formal talks soon underway could see lead to hundreds of new homes being manufactured off-site in Swansea every year.
Swansea Council has now signed an agreement with Live Verde to further explore options that would help tackle the city’s need for more housing in future.
Live Verde is the WElink Group’s off-site housing manufacturing solution in the UK, which was launched in late 2016 as a result of a new partnership between the Dublin headquartered WElink Group and China National Building Materials (CNBM).
Manufactured off-site through a production line process, Live Verde’s modular homes offer advanced energy efficiency technology.
Swansea Council’s agreement with Live Verde could soon see the council working alongside the company to identify sites in the city for the development of modular homes for sale or rent – with potential for hundreds of local jobs and a manufacturing facility.
All market research, planning and construction costs would be met by Live Verde, if a joint venture is signed in future, with an element of affordable housing to be included within individual schemes.
Cllr Rob Stewart, Swansea Council Leader, said: “Post-Brexit, we’ve been working hard to develop new partnerships overseas for the benefit of Swansea people in coming years, especially in China.
This agreement is a demonstration of a growing economic partnership between Swansea and China, where we’ve been busy promoting Swansea as an innovative, business friendly city where inward investment is embraced.
“We’ll now hold further talks with Live Verde as we look to establish a joint venture with the company that will help quickly tackle Swansea’s need for more housing, generate hundreds of jobs for local people and support Swansea supply chain businesses by ensuring materials and labour are locally sourced.”
Live Verde is looking to construct 25,000 homes a year by 2022, which would make it the UK’s leading modular housing developer.
Stephen Haigh, Chief Executive of Live Verde, said the homes would be constructed using British produced light gauge steel frames that are manufactured to a high level of precision in a factory, with key components then transported to site and assembled.
In addition, with the installation of solar panels and energy storage, it means that our homes are low carbon in both their construction and in their application.
“I look forward to progressing our agreement onto the next stage and see it reach its full potential,” he said.
The Department for International Trade’s Capital Investment team was instrumental in brokering the first Live Verde joint venture in late 2016.
The team, which focuses on bringing overseas investment into large scale regeneration, infrastructure and energy projects across the UK, worked closely with all parties to bring the substantial investment to Swansea.”
Pictured signing the agreement are: Ajmal Rahman, Chair of WElink; Chairman Peng, CNBM; Cllr Rob Stewart, Leader of the City of Swansea Council