Bit by bit: With its ability to save costs, maintain quality and speed up construction times, modular construction is continuing to gain attention — and investment
Modular construction has been making the headlines in recent months.
In early October, Japan’s largest homebuilder, Daiwa House, teamed up with Capital Bay through its European modular comany to deliver modular parts for new property developments across Europe. Daiwa House Modular Europe, which was created after the acquisition of Jan Snel by Daiwa House in 2021, is working with Capital Bay to both manufacture and market prefabricated building modules. The partnership will see Capital
Bay using Daiwa’s modular construction units for its own projects and operator brands. The units will also be offered to third-party custom- ers in Europe.
The two companies say that modules are ideal for residential formats of every kind, but can also be used for real estate in other sec- tors, such as the healthcare industry, which they believe is primed for an uptake in modular construction methods.
Prior to that announcement, in August, Goodstone Living, the UK build