Apache Capital are looking to develop 3,000 family homes to rent using modern methods of construction. The Residential development investor have launched a new business, Present Made, which will be delivering 3,000 homes in the first phase across suburban locations in southern England. The firm will own and operate these homes for the long term.
The company have a £1.6bn development pipeline, with their first sites located in the Oxford-Cambridge Arc and the firm will focus heavily on sustainability, using offsite construction methods in order to meet net zero standards.
Some of the low carbon technologies used throughout the developments include photovoltaic panels, district heating systems, combined heat and power systems and mechanical ventilation and heat recovery. The factory produced homes would be built must faster, with less waste and energy consumption, allowing Present Made to become income-producing quicker than a traditional BTR scheme.
This news follows Legal and General who set up a business last year to develop BTR homes in surburban locations, saying they would deliver 1,000 new homes by 2024.
The British Property Federation, which has tracked the growth of the Build to Rent sector, said one in ten Build to Rent homes completed last year were stand-alone family homes, as opposed to apartments.