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Goldman Sachs invests 75 million pounds in Britain’s largest precast building factory, which is expected to produce about 4000 houses every

Modern construction methods for non off-site manufacturing [Reference: Introduction to Modern Construction Methods (MMC) in the UK, source: Zhu Mingzhi on architecture] TopHat started production in its manufacturing plant in South Derbyshire at the beginning of 2018, using industry-leading technology and manufacturing process.

The housing shortage in Britain has intensified year after year.

In essence, if you want to alleviate the housing crisis in Britain, you should still meet people’s housing demand by increasing the supply of housing.

In short, the imbalance between supply and demand in the UK housing market is mainly caused by the frequent replacement of housing ministers, the lack of bricks and the lack of construction workers.

1.

What is the origin of this company? It is reported that TopHat, founded in 2016 by American entrepreneur Jordan Rosenhaus, aims to adopt different housing construction methods and rapidly produce high-quality and customizable residences using precision oriented modern construction method (MMC) technology.

His move means that landlords no longer have advantages over first-time buyers, aiming to increase the demand for self owned housing and reduce the demand for investment housing.

At TopHat, innovation is a continuous process.

TopHat’s unique selling points also include that customers can choose to improve the energy performance of the house when buying a house, such as providing heat recovery and solar photovoltaic, to achieve zero carbon certification at the lowest additional cost..

In 2017-18, the delivery of new houses reached 222190 sets, up 2% compared with the previous year, and the delivery of new houses increased by more than 15% compared with the previous year, but still did not meet the government’s commitment of 300000 sets per year.

From the moment of placing the order, it only takes six weeks from the production process of the factory to the time when residents move into their completed property.

Off site manufacturing – hybrid 4.

Since September 1996, the Association of Residential Rental Agents and private loan institutions have launched the “Investment Housing Initiative” to provide mortgage loans for house buyers by assessing rental income.

Off site manufacturing – modular 3.

Off site manufacturing – without reducing assembly 5.

The methods used in British house building are quite different from the so-called traditional building methods such as bricks and blocks.

In 2000, with the substantial increase of population inflow in Britain, the policy direction began to tilt towards solving the housing problem, so the housing supply increased year by year.

However, economists pointed out that this plan did not solve the problem of low housing supply from the root, but would continue to raise housing prices.

In 2013, the number of newly built houses continued to decline, only 135590 sets.

With steady financial support, the company is in a steady state and is now entering the stage of sales business growth.

Off site manufacturing – modularization 2.

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Britain is the country with the lowest per capita housing ownership among European powers.

At present, the definition of MMC is very controversial in the industry, so there is no unified definition.

In 2019, Goldman Sachs, a financial giant, spent 75 million pounds to invest in TopHat, a modular construction company in Britain.

In the same year, the British government launched the “Helpobuy policy” to help first-time buyers apply for mortgage loans.

Its proprietary coating system, TopHat’s “3D printing” bricks, has a variety of colors and designs that are almost indistinguishable from real objects, while improving the thermal performance and manufacturing quality.

This move has attracted more people to invest in real estate.

The company’s access to investment from Goldman Sachs also clearly demonstrates its fast, efficient and high standard working method and the modular housing concept as a solution to the housing shortage in the UK.

[Source: Oceanside] TopHat, a modular construction enterprise invested by Goldman Sachs in the UK with 75 million pounds, has always had the opportunity to change the emerging precast buildings due to the slow development of the construction industry in the UK.

Here is a supplement: Modern Methods of Construction (MMC) is widely intended to build more and higher quality buildings in a short time.

In 2010, the number of newly built houses in the UK dropped to 135990, the lowest point since 1946.

TopHat’s software enables more intelligent design and ensures that product quality can be traced back to every step of the manufacturing process.

However, the number of newly built houses in the UK has not been improved even though the prime minister and the financial partners have changed one wave after another.

In 2015, George Osborne, the then Finance Minister, decided to increase taxes on landlords in the form of tax reduction measures and a 3% additional tax on second homes.

Modern construction method is a collective term used to describe some construction methods.

However, after 2008, along with a series of changes triggered by the financial crisis, the supply and demand of housing have been greatly frustrated.

The shortage of housing supply also caused the rise of house prices accordingly.

Since 1990, the supply of new houses in Britain has been declining every year.

From 2018 to 2019, then Prime Minister Teresa May banned the restrictions on local government borrowing to build houses and hoped to achieve the goal of building 10000 public rental houses per year, which was hindered by the outbreak of the epidemic.

In 1992, the total number of newly built houses in Britain was only 170000, which was only half of the total number of houses built in the whole year 20 years ago.

It has also passed strict fire test, making it one of the safest systems in the industry.

In 2003, the housing company released a building classification system (column 1), which is used for its own purposes and has been adopted by other companies.

The housing shortage in Britain has been a problem that has plagued the government for nearly 20 years.

The reduction of housing supply has led to the rise of house prices and the decline of interest rates.

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