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Wesfarmers, Built in $250m plan to halve apartment building time
Wesfarmers is making its first foray into residential construction by investing in offsite manufacturing with contractor Built to halve the build time of high-rise apartment buildings and cut building costs by about 20 per cent.
ASX-listed Wesfarmers will invest an initial $100 million in a facility that the joint-venture company Built Living will operate to manufacture modular and precast apartment components, with the capacity to produce more than 2000 apartments a year.
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