Greencore Construction, a leading sustainable housebuilder, has announced its acquisition of a £45 million residential site in Buckingham. This significant purchase aligns with Greencore’s ambitious target of building 10,000 sustainable homes across the UK, advancing its mission to revolutionise the construction industry with eco-friendly housing solutions.

Greencore Construction is known for its innovative and sustainable approach to housebuilding, utilising a modern method of construction that prioritises environmental responsibility. Through closed panel timber frames manufactured off-site and natural insulation materials, such as hemp, lime, and wood fiber, Greencore constructs energy-efficient homes that sequester more carbon than they emit, both during construction and over the lifetime of each home.

The company’s growth has been bolstered by a recent investment from M&G plc, which acquired a majority stake in Greencore. This partnership is expected to significantly expand Greencore’s capacity, enabling it to increase its impact nationwide in the sustainable housing sector. M&G has pledged to invest up to £500 million over the next 3-5 years in sustainable new developments, encompassing both private and affordable housing in collaboration with Greencore. This substantial investment highlights a shared commitment to transforming the housing market with high-quality, sustainable homes.

The acquisition of the Buckingham site marks an important milestone in Greencore’s journey towards its 10,000-home goal. This £45 million investment demonstrates the company’s dedication to scaling its sustainable operations and furthering the UK’s transition to greener housing solutions. With plans to apply its sustainable construction methods to the Buckingham project, Greencore anticipates creating a significant number of eco-friendly homes, further contributing to the reduction of the UK’s carbon footprint and showcasing its commitment to reshaping the future of housebuilding in the UK.