Top Hat prefabricated modular units could be used for build-to-rent properties on Urban&Civic sites.
TopHat boasts that it is 鈥渢he UK鈥檚 leader in technology-driven modular housing manufacturing鈥�.
Founded in 2016, TopHat began production in early 2018 at its factory near Derby but has yet to break into profit. Last year Goldman Sachs took over majority ownership and committed 拢75m investment to it.
Urban&Civic said: 鈥淎fter extensive research and due diligence, we have agreed in principle to run a pilot construction programme with Top Hat as our modular provider at Houlton.鈥�
It said: 鈥淏uild to rent affords considerable potential to increase absorption rates without cutting across core private sales.聽 Modular construction is better suited to the demands of that particular market.聽
鈥淲e are also exploring cost effective methods of delivering build to rent using more traditional means. We see the two delivery routes as providing more design flexibility and being complementary.聽
鈥淪hould purchases prove slow to recover post Covid-19, institutional rentals could compensate for any weakened demand for owner occupation.鈥�
Last month Top Hat won a five year contract to supply two- and three-bedroom houses to BoKlok UK, the budget housing joint venture of Skanska and Ikea.
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