The partnership aims to deliver up to 300 net zero carbon homes per year in the south east working helping to address the energy and housing crisis.
L&G Modular said its homes are 60% more efficient to run for the home owner than a Building Regulation compliant new build home and the apartments are up to 30% cheaper to heat and run than the average apartment.
The joint venture will deliver its first homes in 2023.
L&G’s modular arm was also recently selected by the City of Wolverhampton as preferred partner for the development of around 400 homes in the city.
Eventually, L&G aims to deliver several thousand homes a year as part of the industry drive to deliver 75,000 homes a year via MMC.
Rosie Toogood, CEO of Legal & General Modular Homes, said: “We are delighted to be working with Vivid. Our partnership brings together two like-minded organisations with shared values and objectives to deliver much-needed high quality affordable homes that will make customers feel safe, comfortable, and enjoy where they live.”
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