Developer Sekisui House opted to buy into modular homes specialist Urban Splash partly because the firms shared an approach to regeneration and placemaking, the boss of the Japanese firm’s UK operation said yesterday.

Speaking at Mipim UK in London, Sekisui House UK chief executive Kenta Konishi said the group, which has already built more than 2.4 million homes across the Far East, Australia and the US, had been looking to expand into new markets.