Perth-based conglomerate Wesfarmers will team up with the Albanese government through its signature National Reconstruction Fund to invest a combined $220 million in an Australian-first facility building modular components for apartment buildings.
The NRF will on Monday unveil a $120 million grant for Built Living’s new manufacturing facility north of Perth, marking the fund’s first investment in manufactured housing. It will be accompanied by $100 million from Wesfarmers, which owns brands including Bunnings, Kmart and Officeworks.
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