Thursday 6 February 2020

IKEA-owned green homes business announces first development sites in UK

A sustainable and low-cost home developer has announced its first three development sites in the UK will be in Worthing, Bristol and Peacehaven.

BoKlok, which is jointly-owned by Skanska and IKEA, has announced the exchange of contracts on the properties - the company's homes are built using modern methods of construction which enable low costs and minimal waste.

They are manufactured off-site and kitted out with IKEA fittings, before being transported to their final location for assembly - in the initial sites, around 400 homes are planned, with completion scheduled for 2021.

Most homes will be sold on the market, with local authorities and housing associations buying the rest for their social housing schemes.

BoKlok President Jonas Spangenberg said: "We are delighted to meet this first milestone for our UK business.

"We are grateful to our partners and the local authorities we are working with who have been supportive in sharing our vision of sustainable, quality, low-cost homes for all."