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.

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