Apache Capital and Moda secure planning consent for 392 BTR homes in York
Plans have been approved for a new build-to-rent community on the former Heworth gasworks site in York. The development is part of Moda’s £2.5bn prime multi-family build-to-rent portfolio with investment partner Apache Capital.
Market leading developer and operator Moda Living has been successful with a Reserved Matters planning application, following the granting of outline approval for the whole site in 2020. The plans include 392 new homes in a mix of studio, one- two- and three-bed homes, along with extensive state-of-the-art amenity spaces including private dining rooms, 24/7 gym and fitness centre, a cinema room and a 24-hour concierge, to create a health and wellbeing-focused community and address the shortage of quality homes for rent in York. With a community green at its heart, the neighbourhood will also deliver new landscaped green space open to the public.
The neighbourhood will have a focus on sustainability, health and wellbeing and using cutting edge technology to create a community.
In addition to a 24h gym and fitness centre equipped with market leading fitness equipment, residents will have access to a host of wellness focused products and services to support their healthy lifestyles. A bespoke regular programme of events, designed and run by Moda’s in house operations team, will complement the services and facilities and help to build a community of people living their happiest, healthiest lives.
Moda’s commitment to health and wellbeing across its portfolio means it has the most top-level certifications from the leading global healthy building accreditation body, Fitwel, in the world. Heworth Green will target this certification by prioritising health and wellbeing in all elements of its design and operation.
CEO of Apache Capital John Dunkerley said: “This is an important next step in the growth of our prime multi-family portfolio, with a model focussed on premium quality and service, and high amenity provision in core regional economies. Our operational schemes have illustrated the resilience of the class A multi-family model in a sector already attracting heightened interest from income-seeking investors, and Apache Capital and Moda have set the standard within it.”
Works are expected to start early next year, adding to the £1.5bn of Moda Living projects on site across the UK.
The plans were approved at City of York’s Planning Committee on 3 November 2022.