Senior industry figure Peter Savage who until last month was also ARLA Propertymark president has established a new company that is to provide modular homes to rent for the affordable homes sector.
Savage has set up Solihull-based Speedihomes with Dutch businessman Gregory Jansen and the pair have partnered with an established modular construction company to build the homes, which can be constructed up to six units high.
The modular system means homes can be constructed quickly and may face fewer planning restrictions because they are essentially temporary structures.
“The plan is to offer the units initially to councils to rent out as affordable rental properties and for temporary accommodation and we are in the process of securing our first local authority clients,” says Savage.
“Each development deal will be for ten years after which the units could either move on to another site and be offered to charities in the UK and beyond as a low-cost accommodation solution.”
Savage says the idea is to offer local authorities an alternative temporary housing solution that’s better quality than the controversial Permitted Development-based office block conversions and hostels that many councils have been turning to in recent years.
“As a former council-house raised lad with years of experience in the housing market, I wanted to bring something different to the table,” he says.
Savage has twice been President of ARLA, is an Executive Director of Propertymark and also established a successful property development business in Spain as well as working for several years at a lettings company in the south of England.