A modular home building factory in Corby will produce a house every hour on a site the size of eleven football pitches.
Homebuilder TopHat has chosen the city of steel with a proud history of manufacturing and logistics as the location for its largest home factory in Europe which will open in 2023.
The 650,000 square foot facility will be the first occupied building in the new Magna Park development, itself one of the largest warehouse sites in the UK.
The company – 70% of which is owned by investment bank Goldman Sachs – says every home that rolls off the factory production line will be energy efficient and capable of achieving zero emissions.
Up to 1,000 skilled workers will be employed in the factory.
The announcement comes at a time when ministers and policymakers are backing modern construction methods (MMC) as a way to deliver much-needed high-quality housing faster.
Magna Park is currently under construction on the former Cowthick Plantation off the A43 at the Holiday Inn roundabout. TopHat’s existing factory in Derby currently produces 800 houses a year. The Corby site will produce 4,000 a year.
It will also house a training academy established in partnership with local colleges.
TopHat claims to be at the forefront of a revolution in home building, applying robotics and lean manufacturing techniques to increase housing supply, improve quality, reduce costs and protect the environment. TopHat’s homes are low carbon to build and very low energy consuming, greatly reducing the cost of living in times of very high energy prices and in the future.
Advanced robotics create brick facades and “endless” design possibilities and buyers can even customize their homes through TopHat’s home configurator, much like configuring a new car.
The new Corby facility will be the anchor tenant at the new Magna Park site being developed by GLP, the world’s leading logistics developer, as part of a multi-million pound investment in the site. Construction will begin later in the year, with the facility expected to deliver its first homes by the end of 2023.
Jordan Rosenhaus, CEO and Founder of TopHat, said, “The new TopHat facility will increase our capacity to over 4,500 homes per year. Our homes are designed to be beautiful and green, being low carbon to build and much cheaper to operate.
“TopHat is playing a leading role in transforming homebuilding in the UK, improving quality, reducing costs and protecting the environment. We are also delighted to create 1,000 new jobs in Corby, supported by a major investment in training through the TopHat Academy.”
James Atkinson, GLP Development Director, said: “We are delighted that TopHat will be the anchor tenant of our new Magna Park in Corby, not only bringing investment and jobs to the local community, but also delivering new homes. innovations that will be an important part of our future.”
International property advisor Savills advised TopHat on the acquisition. Charles Spicer, Industrial and Logistics Director at Savills, added: “We are delighted to have achieved this result for TopHat, which is the largest manufacturing contract to have been awarded so far this year. TopHat is an innovative occupant in a new market sector, which is particularly exciting news for the wider industrial market. »