Modular homes manufacturer Ilke Homes and regeneration specialist Places for People have signed a joint venture agreement to deliver 750 factory-built homes in a deal believed to worth £100m.

Places for People, which owns or manages nearly 200,000 homes across the UK, said it would purchase 750 units from Ilke Homes, including 500 for sites it already owns, together with 250 for new schemes the pair will work on jointly to develop affordable and market-priced housing.

The homes, which will be steel-framed, are to be made at Ilke Homes’ factory in Yorkshire and then delivered on site.

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