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Muckle LLP help Swedish house builder Trivselhus complete joint venture with Esh Group

18th Sep 2015 | Corporate Finance

Our latest deal see us help Swedish house builder, Trivselhus, establish a 50:50 joint venture with construction firm, Esh Group, as part of its latest investment into homes of the future.

Building a great collaboration

The collaboration which includes the incorporation of a new joint company combines Trivselhus' expertise in building extremely energy efficient homes with Esh's skills in locating and developing building sites and supporting infrastructure.

The Swedish house designer and manufacturer employs 230 people in Sweden and is part of Södra Timber.

Jan Johansson, chief executive officer of Trivselhus, said: “The long-term trend of rising energy costs is a worry for all homeowners. This strategic alliance is a great example of how the UK and Sweden can work together for the benefit of everyone.”

Carbon neutral housing

Trivselhus houses are designed to withstand Sweden’s extreme climatic conditions. Each home has mineral wool insulation built into closed wall panels which provide a highly-insulated layer. They also have triple-glazed argon-filled windows and precision-engineered joints between building sections, forming a completely airtight bond.

Brian Manning, of Esh Group has been working with Trivselhus since 2009, combining UK building and planning expertise with Swedish design and technology.

He said: “Esh Group’s partnership with Trivselhus has huge potential to create real opportunities for jobs in both companies. Our joint work to develop carbon neutral homes with minimal running costs offers a real solution to some of the challenges around sustainability which we must tackle as a society.

"This strategic alliance is good for the region. It provides families with a genuine opportunity to reduce their energy outgoings and addresses the growing need for more energy-efficient homes."

Ken Forster, Managing Director of Trivselhus UK, added: “Trivselhus is proud to be part of this joint venture with Esh Group, which is a hugely well-respected North East business. This offers a fantastic opportunity for the north east to gain the benefits of these highly energy-efficient homes. The team at Muckle were a pleasure to work with and an integral part of our collaboration.”

Trivselhus' legal advice, which was led by our senior partner, Hugh Welch, assisted by partner Anthony Evans and members of the corporate team, included the negotiation of all the legal agreements and advising on the new corporate entity.

Hugh Welch said: “We are delighted to have advised this international client on their inward investment in the North East. The collaboration with Esh Group is great news for this region."

For more information on this deal or how we can help your business please contact Hugh Welch on 0191 211 7903 or email [email protected].

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