Hundreds of homes are on hold in Nottinghamshire after a housebuilder was put up for sale. Ilke Homes, which produces factory-built modular properties, was in the process of building 131 homes for housing association Jigsaw Homes Group at Rolleston Drive in Arnold, but this work has halted after the company announced it was seeking a buyer.
The Yorkshire-based housebuilder had also been chosen as Boots' partner to deliver 604 homes near to the health and wellbeing giant's Thane Road complex - with the project only recently being approved by Nottingham City Council and Broxtowe Borough Council. Ilke Homes explained it was looking for a sale as "volatile macro-economic conditions and issues with the planning system" had complicated fundraising and housing delivery, with Nottinghamshire Live understanding staff had been taken off work sites temporarily.
The business said a sale would allow it to deliver the 4,200-homes in its pipeline. It warned that its £1 billion order book is predominantly made up of affordable homes, meaning that without a new investor, the "much-needed housing" will not be delivered.
