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Malaysian conglomerate Petra Group is planning to set up a modular homes business in the UK with a £30m investment. The conglomerate, which has interests
Modular specialist Jan Snel, owned by Japan's Daiwa House, has officially launched a UK arm. Based in Swansea, the firm plans to focus on residential projects, but will also look for opportunities in the healthcare, education and commercial markets, it said in a statement. The operation is being led by country manager Ben Pemberton, who joined the Netherlands-headquartered firm in April last year and brought more than decade of experience at offsite specialists in this country. The company said it is also in talks with the Welsh Government about opening a modular factory. Chief executive Harr...
By Joey Gardiner2020-12-22T06:00:00+00:00 Daiwa House snaps up Jan Snel Japanese factory building giant Daiwa House Group has bought Dutch-owned modular housebuilder Jan Snel in a deal that the firm says could boost its recently established UK operation. Daiwa, which reported revenue of nearly £32 billion last year, has bought a majority stake in Flexibuild Holding, the holding company for the Jan Snel group, which describes itself as the Dutch market leader in industrialised and modular building. Jan Snel’s Startblok Elzenhagen scheme in Amsterdam Noord Its chief executive, Harry van Za...