England: Goldman Sachs-backed firm to open Europe’s largest 3D modular homes facility

England: Goldman Sachs-backed firm to open Europe’s largest 3D modular homes facility

TopHat, a construction company backed by the American investment bank Goldman Sachs, has announced its intention to deliver Europe’s largest modular homes facility in the UK.

Capable of delivering one house every hour, the state-of-the-art facility based in Corby, Northants, will use precision engineering techniques to create c.4,000 homes per year. The new premises will be operational from 2023, creating 1,000 highly skilled jobs.

The new, 650,000 sq ft cutting-edge facility builds on the success of TopHat’s existing site in Derby which already produces up to 800 homes per year.

The vast space, nearly seven times larger than the Derby facility, will bring together the latest robotics and TopHat’s proprietary technology to manufacture and distribute up to 4,000 homes per year. 1,000 new, green economy jobs across a wide range of roles will be created and a training academy will be established in partnership with local colleges.

The new Corby facility will be the anchor tenant in the new Magna Park site being developed by GLP, the global logistics development manager, as part of a multi-million-pound investment in the site. Construction will begin later in the year, with the facility expected to be delivering its first homes by the end of 2023.

Jordan Rosenhaus, CEO and founder of TopHat, said: “TopHat’s new facility will increase our capacity to over 4,500 homes a year. Our homes are designed to be beautiful and green, being ultra low carbon to build and much cheaper to run. TopHat is playing a leading role in transforming home building in the UK, improving quality, reducing costs and protecting the environment. We are also delighted to be creating 1,000 new jobs in Corby supported by a major investment in training through the TopHat Academy.”

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