Apache unveils £1.6bn plan to build modular rental homes

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mmc family homes
Design and image courtesy of Jo Cowen.

Apache Capital has revealed plans to launch the UK’s first purpose-built and designed family homes for rent across the UK

The family homes will be built using Modern Methods of Construction (MMC) via Present Made, a company set up by Apache.

Present Made will deliver over 3,000 smart homes using MMC as part of its first phase, with a focus on suburban locations across southern England.

The first three sites in the company’s £1.6bn development pipeline are located in the Oxford-Cambridge Arc.

Present Made is Apache Capital’s second UK build-to-rent (BTR) platform after its £2bn multifamily joint venture with developer-operator Moda Living, which is delivering over 6,000 apartments for rent in the UK’s largest cities.

‘Catering to a growing but under-served market segment’

Richard Jackson, managing director and co-founder of Apache Capital and CEO of 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.”

Present Made homes will be precision engineered in a factory environment to create higher quality homes with fewer defects.

By using MMC, Present Made will deliver energy efficient homes at a faster pace and with less waste, energy consumption and disruption to local communities compared to traditional construction.

The developments will incorporate low carbon technologies such as photovoltaic panels, district heating system, combined heat and power system and mechanical ventilation heat recovery.

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