Ikea Enters U.K.'s Prefab Housing Market
Ikea is expanding its BoKlok prefab housing line to serve the United Kingdom. Last month, it received planning permission for 36 dwellings in St. James Village, Gateshead. Live Smart@Home, a subsidiary of the Home property group, will oversee construction.
The name BoKlok means “smart living” in Swedish. Since it started the line with Skanska in 1997, Ikea has built 3,500 of these prefab dwellings through Scandinavia, Norway, and Finland. BoKlok apartments are designed much like the retail giant’s furniture: a modern aesthetic that includes engineered wood floors and tiled bathrooms. All of the apartments are designed with open-plan living spaces with high ceilings and windows on three sides; they also come fitted with Ikea kitchens.
In the U.K., BoKlok apartments will come in two- or three-bedroom configurations and sell for under $200,000. They are aimed at people earning less than $60,000 annually. Work on the 36 units is scheduled to begin this June and finish by the end of the year. Live Smart@Home has future plans to build an additional 117 terraced BoKlok houses at the Gateshead site.