Apache reveals £1.6bn build-to-rent modular housing pipeline

An investor in build-to-rent apartments is planning a new fund to build more than 3,000 standalone suburban houses specifically for private rent.Apache Capital Partners is launching Present Made, billed as the UK’s first purpose-built and designed single-family rental housing business, with a £1.6bn development pipeline.The plans is that 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, taking the rental income.The first three Present Made development sites are within the Oxford-Cambridge arc.Present Made is Apache Capital’s second UK build-to-rent (BTR) platform after its £2bn multi-family (i.e. apartment blocks) joint venture with developer-operator Moda Living, which is delivering more than 6,000 apartments for rent in UK cities.