Wesfarmers enters apartment construction industry

Wesfarmers Enters Housing Sector With Factory-Built Apartment Push – channelnews

Wesfarmers is stepping into the residential construction market for the first time, backing a new approach that aims to speed up apartment building and lower costs through factory-based production. The ASX-listed group is committing an initial A$100 million to a partnership with contractor Built, forming a venture that will produce modular and precast components for apartment developments. The facility is expected to support the construction of …

New joint venture to accelerate modular housing delivery

Image: Mongkolchon/stock.adobe.com A newly formed construction joint venture is targeting faster, more affordable apartment delivery through large-scale offsite manufacturing, with a Western Australian facility set to anchor early production before national expansion. Built Group has entered a 50:50 joint venture with Wesfarmers to establish Built Living, an offsite manufacturing business aimed at accelerating apartment delivery and reducing co…

Wesfarmers enters apartment construction industry

Wesfarmers and Built Living have joined forces to create a precast concrete manufacturing plant in Neerabup, as the state government moves to speed-up apartment construction in WA.