Global modular building specialist, Volumetric Building Companies (VBC), has announced ambitious plans to expand in the UK.
VBC aims to become a $1 bn modular construction company over the next three years and is now targeting the UK build-to-rent, affordable housing, student accommodation, and hotel sectors.
This follows VBC’s merger with Polish modular manufacturer Polcom earlier this year to extend its reach into Europe.
Led by Vaughan Buckley and headquartered in Philadelphia, VBC offers advanced steel-framed modular and innovative timber construction technologies. The firm claims that both solutions are highly efficient, cost-effective and have significantly less environmental impact than in-situ construction.
Andy Smith, UK director of VBC, said: ‘We now have a dedicated management team in place in the UK and we have established and extensive modular production resources in mainland Europe. Our aim in the next three years is to secure a strong order pipeline in our target sectors in the UK – student accommodation, build-to-rent, affordable housing, and hotels – and to raise the profile of VBC here, ahead of our expansion into Western Europe. We are already in advanced discussions with a number of hotel groups and private developers.’
VBC now has more than 500 employees and over 1.25 million sq ft of manufacturing space in the US and Europe. Its board has decades of experience gained from blue chip organisations including Google, BP, Harley Davidson, and Pimco.