{"id":529636,"date":"2025-09-26T12:45:01","date_gmt":"2025-09-26T11:45:01","guid":{"rendered":"https:\/\/www.constructionnews.co.uk\/?p=529636"},"modified":"2025-09-26T12:24:51","modified_gmt":"2025-09-26T11:24:51","slug":"midlands-housing-association-seeks-buyer-for-offsite-business","status":"publish","type":"post","link":"https:\/\/www.constructionnews.co.uk\/tech\/offsite-mmc\/midlands-housing-association-seeks-buyer-for-offsite-business-26-09-2025\/","title":{"rendered":"Midlands housing association seeks buyer for offsite business\u00a0"},"content":{"rendered":"<p>A Midlands-based housing association has put its offsite housing subsidiary up for sale, saying the \u201clandscape has changed significantly\u201d.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>GreenSquareAccord (GSA), which manages 25,000 homes, said it wants to offload its LoCaL Homes brand to focus on its core social landlord services.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Mona Shah, chief finance and investment officer at GSA, said: \u201cLoCaL Homes has made an important and innovative contribution to housebuilding in the UK, and our product has been used by housing providers on developments up and down the country.\u201d<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cHowever, the landscape has changed significantly and while it has been a difficult decision to exit, it is a necessary one,\u201d he added in a statement this morning.<\/p>\n<p>\u201cWe have a strategic objective to simplify and strengthen our organisation to enable us to focus on our core offer and to realise our vision of being a great social landlord.\u201d<\/p>\n<p>LoCaL Homes offers a variety of timber-frame panel products, with flexibility over design, including external cladding and insulation materials.<\/p>\n<p>The Walsall-based business manufactures houses, apartments, schools and care homes for assembly on site.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Shah said GSA was in \u201cactive discussions with interested parties\u201d and was \u201chopeful\u201d a buyer can be found,\u00a0 but added that LoCaL Homes\u2019 factory will be closed in spring 2026 if none can be found.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>\u201cWe have informed all LoCaL Homes colleagues and customers and our focus in the coming weeks and months will be on supporting them as we continue our search for a buyer.\u201d<\/p>\n<p>GSA is the latest company looking to exit the modular building market, after <a href=\"https:\/\/www.constructionnews.co.uk\/financial\/london-me-firm-calls-time-on-offsite-arm-18-07-2025\/\">Lorne Stewart announced it would wind up its offsite subsidiary in July<\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>The sector has also been beset with business collapses in the past three years, including the demise of <a href=\"https:\/\/www.constructionnews.co.uk\/financial\/administrations\/ilke-homes-enters-administration-with-around-1000-staff-facing-axe-30-06-2023\/\">Ilke Homes<\/a>,\u00a0<a href=\"https:\/\/www.constructionnews.co.uk\/sections\/news\/offsite-specialist-mid-group-to-appoint-administrators-26-07-2022\/\">Mid Group<\/a>,\u00a0<a href=\"https:\/\/www.constructionnews.co.uk\/financial\/administrations\/modular-schools-specialist-teeters-towards-administration-15-03-2023\/\">Eco Modular Buildings<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.constructionnews.co.uk\/financial\/midlands-based-modular-construction-specialist-enters-administration-10-03-2022\/\">Caledonian Modular<\/a>.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Midlands-based housing association has put its offsite housing subsidiary up for sale, saying the \u201clandscape has changed significantly\u201d.\u00a0 GreenSquareAccord (GSA), which manages 25,000 homes, said it wants to offload its LoCaL Homes brand to focus on its core social landlord services.\u00a0 Mona Shah, chief finance and investment officer at GSA, said: \u201cLoCaL Homes has &#8230;<\/p>\n","protected":false},"author":90383,"featured_media":478016,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[552,39315],"tags":[],"class_list":["post-529636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial","category-offsite-mmc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Midlands housing association seeks buyer for offsite business\u00a0 | Construction News<\/title>\n<meta name=\"description\" content=\"A Midlands-based housing association has put its offsite housing subsidiary up for sale, saying 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