Offsite construction and the design and creation of modular homes is an area of the construction industry which is progressing quickly. This area of the industry has been further strengthened by Goldman Sachs recently announcing that it will be investing £75 million in the British residential offsite construction firm Top Hat.
We are currently working with Top Hat – providing architectural services as well as delivering structural and civil engineering on schemes across London and the South East – so this investment is particularly exciting. It’s a huge vote of confidence in an emerging industry and presents us with the opportunity to further innovate, create even better quality products and continue to develop alternative approaches to construction and design.
This modern method of construction uses integrated technology to build housing more efficiently, creating homes which adhere to the high standards of design and environmental considerations which are now required.
The government has set ambitious housing targets, with England alone requiring between 240,000 and 340,000 per year to meet demand. Offsite construction really does provide a solution to how to increase supply.
We look forward to continuing to work with Top Hat on more exciting schemes across the country, creating more homes for families looking for more space or first-time-buyers wanting to get their foot on the property ladder.
Goldman Sachs is taking a stake in Top Hat, which was set up in 2016 by Jordan Rosenhaus, an American entrepreneur. The company has a factory in Derbyshire and residents will soon move into its first development, in Kent.