Persimmon Invests in Top Hat

UK-based developer, Persimmon, has invested in Top Hat – a leading modular house builder. This strategic investment is set to revolutionise the construction industry by improving the speed, efficiency, and quality of building modular homes. Persimmon’s investment in Top Hat will enable the modular home builder to scale its operations and increase production to meet the growing demand for affordable, high-quality homes. Top Hat’s innovative technology allows for the construction of modular homes to be carried out in a controlled environment, ensuring consistent quality while reducing construction waste. With this investment, Persimmon is tapping into the rising popularity of modular homes, which are an excellent alternative to traditional homebuilding. Modular homes are built in a factory and assembled on-site, reducing construction time by up to 50% while also reducing the environmental impact of building. The investment also aligns with Persimmon’s commitment to sustainability and reducing carbon emissions. Top Hat’s modular building system allows for customisation of homes, giving homeowners the freedom to design their dream home. The modular design process also ensures that the final product is structurally sound and energy-efficient, with high-performance insulation and windows, which can save homeowners money on energy bills. With this investment, Top Hat can now accelerate its growth and will begin production from its cutting-edge 650,000 sq ft manufacturing facility in Corby, Northampton in 2024. Jordan Rosenhaus, CEO and Founder at TopHat, said: “Today’s announcement is testament to the innovative approach that TopHat continues to take to house building and marks a step-change for the future of housing. “It has been clear for some time that designing and building green, beautiful homes in factories is a critical part of solving the housing crisis – and today’s announcement will enable TopHat to reach the scale where the new generation of modular homes can be made available to everyone.” Dean Finch, Group Chief Executive at Persimmon, said: “Persimmon is delighted to announce this partnership, combining the country’s most innovative modular manufacturer with the most cost-effective volume house builder. “This investment provides Persimmon with guaranteed access to very energy-efficient volumetric modular units as well as TopHat’s innovative brick façade to use with our Space4 timber frame products. “This will provide further build efficiencies, manage the growing challenge of labour shortages in key trades and expand our product range for customers. Combining our complementary industry-leading capabilities alongside other significant new investment makes me excited for the opportunities ahead.”

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