mac-group and Skystone in new modular venture
Leading construction and fit-out firm, mac-group, has entered into a joint venture with the US-headquartered modular building specialist, Skystone, to target the residential, student accommodation and hotel markets in Ireland and the UK.
With the cost of construction expected to rise significantly in the short to medium term, the new venture is expected to appeal to developers in both the private and public sectors. For while traditional building methods are more vulnerable to fluctuations in the availability of skills and labour, the modular process allows for the delivery of complete residential or commercial units off-site in stable labour markets where quality can be tightly controlled within a factory setting.
The mac-Skystone joint venture has already partnered with a number of developers to complete significant modular projects, including the world's tallest modular hotel, the Citizen M Bowery in Manhattan. The 20-storey, 300-room Citizen M was built in Poland and shipped to New York in 210 pieces.
With modular builds up to 21 percent faster than traditional builds, mac-Skystone is now looking to deliver residential and hotel projects in New York, California, the Caribbean, the UK, Ireland, and beyond.
Paul McKenna, mac-group MD, said: "We believe there is a real opportunity now in Ireland to use modular technology to increase, in particular, the supply of badly-needed housing stock in a sustainable, timely and cost-effective manner."