UK's First Purpose-built & Designed Single-family Rental Housing

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 fa

BY Realty Plus
Published - Wednesday, 12 May, 2021

UK's First Purpose-built & Designed Single-family Rental Housing

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 GBP1.6 billion 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 GBP2 billion 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. Present Made homes will be precision engineered in a factory environment to create higher quality homes with fewer defects. By using ‘Modern Methods of Construction’ (MMC) such as off-site manufacturing, Present Made will deliver more energy efficient homes at a faster pace and with less waste, energy consumption and disruption to local communities compared to traditional construction. The reduced construction time means Present Made developments will be income- producing and stabilise quicker than a BTR scheme delivered through traditional methods – a key benefit for investors. The use of MMC is key to Present Made’s net zero carbon operational target by creating homes that are more energy efficient and in turn reduce living costs for residents. MMC typically reduces carbon emissions during the construction by 50 percent through high levels of recycling, less waste and reduced vehicular traffic to the site as a constant flow of materials is not required. To further enhance their energy efficiency, Present Made homes will integrate the latest smart home technologies such as sensors that monitor and control energy usage. Present Made developments more widely will incorporate low carbon technologies such as Photovoltaic panels, District Heating System, Combined Heat and Power System and Mechanical Ventilation Heat Recovery. Present Made homes will sit in master-planned, landscape-led communities that have been designed to promote active and healthy lifestyles that support mental and physical wellbeing. Residents will benefit from access to extensive in- and outdoor amenities, as well as from the presence of a professional onsite team responsible for security, maintenance and organising regular social events. All these extras will be included in the rental cost to provide an aspirational yet attainable housing option.