Apache Capital has launched Present Made, the UK’s first purpose-built and designed vertically integrated single-family housing for rent platform. The company, which is a wholly-owned subsidiary of Apache Capital, is the first in the UK to design, build and operate family homes for rent. Present Made will deliver over 3,000 smart homes using ‘Modern Methods of Construction’ as part of its first phase, with a focus on suburban locations across southern England. Present Made will then own and operate these homes for the long term.
The first three sites in the company’s €1.86bn (£1.6bn) development pipeline are located in the Oxford-Cambridge Arc, one of the UK’s most productive and innovative regions but with some of the highest housing costs outside of London.
Present Made is Apache Capital’s second UK build-to-rent (BTR) platform after its €2.3bn (£2bn) multifamily joint venture with developer-operator Moda Living, which is delivering over 6,000 apartments for rent in the UK’s largest cities and is backed by major investors including NFU Mutual and Harrison Street.
Richard Jackson, managing director and co-founder of Apache Capital and CEO at Present Made said: “Four years in the making, Present Made from the outset has been designed around our future residents’ needs and the growing importance of ESG considerations to both our residents and investors alike. Despite record numbers of families renting, no purpose-built single-family rental housing exists in the UK. Present Made will cater to this growing but under-served segment of the rental market by providing high-quality smart homes designed and built specifically for rent, delivered through precision engineering and operated by our own dedicated in-house team. The biophilic designs, amenities and services provided at Present Made communities are all intended to help promote mental and physical health and wellbeing, where living sustainably is second nature.”