Ikea will soon be able to build affordable housing in the UK after a local authority agreed to work with a housing developer co-owned by the retail giant.
Worthing council has signed a deal with BoKlok – a property developer jointly owned by the Swedish retailer – which sets property prices so that “buyers have money left to live on after they have paid their housing cost”, according to the Guardian.
Councillors for the town have voted in favour of a plan that would see 162 affordable flats built on a plot of land that it owns.
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