Apache Capital and Present Made bolster senior teams with new hires and promotions.

• Apache Capital has appointed a Senior Associate Director for Transactions and Structuring while Present Made has appointed Operations Director and Head of Land and Planning

• Apache Capital has also promotes five senior team members to Executive Director following the appointment two ESG-focussed Senior Associate Director

• Growth reinforces Apache Capital’s market-leading presence in UK build-to-rent and follows recently announced £1.7bn strategic partnership with KKR

17th December 2021 — Apache Capital, the UK’s leading investment manager focused exclusively on living real estate, and Present Made, the company’s single family housing BTR platform and the first of its kind in the country, have announced a string of senior appointments and promotions.

Former Apache Capital advisor Claire Ezekwe joins from the globally renowned law firm Trowers & Hamlins LLP, strengthening its restructuring team as Senior Associate Director for Transactions and Structuring. 

Ezekewe brings over 10 years of legal experience in real estate finance and has worked closely with Apache Capital over the last few years to support the delivery of the UK’s largest premium multifamily housing portfolio with Moda Living. 

Ezekewe, who has managed development finance transactions across the Midlands and the North from £60m to £120m as part of the joint venture’s roll out, becomes Apache Capital’s third hire of the year following the appointment of Andrew Hill as Senior Analyst and Olga Ledlie as Commercial Finance Manager, drafted in primarily to support the company’s fast-evolving ESG strategy. 

Apache Capital has also announced the promotion of Denis Aghaizu, Andrew Park, Mark Peck, David Williams and Jamie Snary to Executive Director positions, while Nikki Price has been promoted to Senior Associate Director of ESG & Operations.

The promotions have been made to strengthen the key pillars of Apache Capital’s investment function, ranging from finance to legal; structuring and analysis; investor relations; operations; ESG; and asset management. 

Mervyn Howard, Executive Chairman of Apache Capital said:

Apache Capital has exciting plans for 2022 and beyond to follow what has been a highly successful 2021.

This success would not have been possible without the hard work and dedication of our team, which is reflected in the promotions we have announced today and will be built upon by the wave of new hires we have brought into the business.”

Present Made, launched by Apache Capital in May of this year as the UK’s first vertically integrated single-family housing platform, have appointed Duncan Williams, formerly of Countryside Properties, as Head of Land and Planning while Anthony Lewis joins as Operations Director. 

Lewis was instrumental in the development and execution of operational management strategies at co-living pioneer The Collective, overseeing flagship developments in Canary Wharf and Royal Oak.

Present Made will deliver over 3,000 purpose-built and designed smart rental homes across the South East, with former Crest Nicholson Development Director Alan Penfold overseeing daily operations as its Executive Director. 

Two sites have already been acquired in the Oxford-Cambridge Arc, where many of the homes will be delivered through modern methods of construction as part of a wider ESG-driven strategy.

Richard Jackson, Managing Directorat Apache Capital and CEO of Present Made, said:

“A professionalised and institutional approach will represent the bedrock of the UK rental market as we look into the future, and our investments in both our portfolio and the internal team are a real statement of  intent in this respect. 

Apache Capital and Present Made also continue to invest heavily in their respective ESG strategies as the industry enters a pivotal transitional phase.”

Apache Capital and Present Made bolster senior teams with new hires and promotions.

• Apache Capital has appointed a Senior Associate Director for Transactions and Structuring while Present Made has appointed Operations Director and Head of Land and Planning

• Apache Capital has also promotes five senior team members to Executive Director following the appointment two ESG-focussed Senior Associate Director

• Growth reinforces Apache Capital’s market-leading presence in UK build-to-rent and follows recently announced £1.7bn strategic partnership with KKR

LONDON – Apache Capital, a leading investment manager focused exclusively on UK living real estate, and KKR, a leading global investment firm, has secured £157m debt funding through their UK build-to-rent joint venture to finance the construction of Moda Living’s build-to-rent (‘BTR’) neighbourhood in Brighton and Hove.

The development, consisting of 564 build-to-rent homes, is the first investment to be brought forward in Apache Capital and KKR’s strategic partnership. The partnership will see over 4,000 purpose-built and -designed rental apartments developed by Moda Living in core cities across the UK as part of a £1.7bn development pipeline.

The debt facility provided by BentallGreenOak will fund the construction and stabilisation of Sackville Road. Construction works have already started on-site, with   completion expected in early 2024.

Today’s announcement marks the second development funding agreement between Apache Capital and BentallGreenOak, with BentallGreenOak having previously provided £80m to finance the delivery of Moda Living’s Glasgow build-to-rent neighbourhood, Holland Park. BentallGreenOak had also helped Apache Capital finance a number of site acquisitions prior to this.

John Dunkerley, co-founder and CEO at Apache Capital said: “The size of this facility matches the scale of our ambition and will help deliver one of the UK’s largest single build-to-rent schemes.”

Build-to-rent, including both multi- and single-family housing, was attracting increasing interest before the pandemic, with investors and lenders looking to grow their exposure to asset classes underpinned by long-term demographic and structural trends. Now, with a higher inflationary outlook in the short to medium term, we expect build-to-rent to attract further interest as investors look to access real estate sectors better positioned to capture rental growth.

Jim Blakemore, Managing Partner, Global Head of Debt at BentallGreenOak, said: “We are pleased to be supporting Apache Capital and KKR with the delivery of the joint venture’s build-to-rent pipeline with Moda Living.

Covid-19 demonstrated the resilience of build-to-rent relative to other asset classes and we continue to see further opportunities in the living sectors and a unique opening for non-traditional lenders such as ourselves to step in and provide funding that will help unlock much needed new housing.

Tony Brooks, Managing Director at Moda Living, said: “Our Hove neighbourhood is going to raise the bar for rental living in the city, providing 564 state-of-the-art build-to-rent homes on a fantastic central site near the train station.

The funding from BentallGreenOak will help enable the regeneration of a long-dormant brownfield site and deliver hundreds of high-quality homes for rent that will be unlike anything currently available in the Brighton and Hove rental market.”

Apache Capital and Moda Living secured the Sackville Road site in 2018.  The 564 build-to-rent homes sit part of a wider nine-acre masterplan that includes 260 senior living homes alongside new public realm and mixed commercial space.

Residents of the build-to-rent element, which will be managed under the Moda Living brand, will benefit from access to a wide range of on-site amenities and additional services, all-inclusive within the rent.

Apache Capital and Present Made bolster senior teams with new hires and promotions.

Mervyn Howard
GUEST WRITER
Executive chairman of Apache Capital

Present Made will design, develop, own, and operate family homes for rent.

Since Apache launched its single-family housing platform Present Made in May, several high-profile names have entered this small but rapidly expanding sub-sector of the UK build-to-rent market. From investment bank Goldman Sachs to private equity giant Blackstone, major players see the huge potential in delivering family homes for rent in suburban and rural locations.

According to the latest research from the British Property Federation and Savills, suburban rental homes make up 8% of the total build-to-rent stock, with the bulk being completed (40%), followed by homes in planning (33%) and those under construction (26%).

Yet of the 15,771 suburban build-to-rent units built or in the pipeline, few, if any, have been purpose-designed and built for rent.

Similarly, very few of the first urban build-to-rent apartment schemes (or ‘multifamily housing’, as our American cousins like to call it) were purpose-built and designed for rent either. Instead, many were forward funded for-sale homes that were then repurposed for rent.

Apache’s joint venture with developer Moda Living has delivered the first purpose-built and designed Grade A multi-family housing outside of London. [React News revealed today that the joint venture had secured the backing of US private equity firm KKR to deliver a £1.7bn residential platform.]

Read the full article online at REACT: Here

Apache Capital and Present Made bolster senior teams with new hires and promotions.

·       KKR and Apache Capital to invest £610m in purpose-built apartments designed for rent in core cities across the UK 

·       The collaboration will deliver over 4,000 high quality rental homes as part of a £1.7bn development pipeline

·       Properties will be developed and operated by Moda Living

[November 22, 2021] — KKR, a leading global investment firm, and Apache Capital, a leading investment manager focused on UK residential real estate, announced that KKR and Apache Capital have established a joint venture to create a UK build-to-rent (‘BTR’) multifamily housing investment platform.

KKR and Apache Capital will invest £610m to fund the delivery of BTR projects in core cities across the UK that will be developed and operated by Moda Living (‘Moda’), with sites already identified in Birmingham, Brighton and Hove, and London. 

The developments will deliver over 4,000 apartments that are purpose-built and designed for rent as part of a £1.7bn development pipeline. The homes will be built to the latest design specifications, with high levels of on-site amenities and service provision for residents.

Rosa Brand, Director at KKR, said: “We are excited to work alongside Apache Capital, and Moda Living, both highly experienced strategic partners with excellent track records, over the long term, to deliver a best in class portfolio in the build-to-rent residential sector, which remains a thematic priority for KKR”.

John Dunkerley, CEO and co-founder of Apache Capital said: “Our strategic partnership with KKR demonstrates the growing maturity of the UK build-to-rent sector, which continues to attract global institutional capital thanks to its favourable demand-supply dynamics and defensive, counter-cyclical characteristics.

“This collaboration is consistent with our strategy of creating a premium product marked by high levels of service and amenity provision and we look forward to seeing the projects completed.”

Tony Brooks, Managing Director at Moda Living, said: “With the backing of Apache Capital and KKR we will deliver the next generation of build-to-rent neighbourhoods that will set new standards for style and service while meeting the growing demand for high quality rental housing that is responsive to modern lifestyles”.

The joint venture between Apache Capital and KKR follows the success of Apache Capital and Moda’s second operational multifamily BTR scheme, Moda, The Lexington, in Liverpool, where 60 percent of apartments are already leased two months after launch. Moda’s flagship scheme, Moda, Angel Gardens, in Manchester, is fully stabilised, having set new sector benchmarks for rents achieved.

KKR’s investment was made via KKR Real Estate Europe Partners Europe II, a US$2.2 billion fund dedicated to value add and opportunistic real estate investments in Western Europe.

Apache Capital’s single-family housing platform Present Made acquires second site in the Oxford-Cambridge Arc from Valorem Investment Partners

·  Approximately 370 precision engineered smart homes for rent to be delivered at the University of Cambridge’s sustainable development at Eddington

·  Landscape-led neighbourhood aims to be an intergenerational community that promotes sustainable and healthy living

·  Flagship £160m scheme will help meet a pressing housing need locally and will be the first by Present Made, a vertically integrated business wholly owned and fully funded by Apache Capital

Hundreds of eco-friendly smart homes designed for rent, set in liveable streets, are to be delivered as part of the University of Cambridge’s development at Eddington.

Present Made, the UK’s first purpose-built and designed single-family rental housing platform, has been appointed by the University of Cambridge to develop sustainable smart homes as part of its ambitious 150-hectare Eddington master-plan.

Under plans submitted to Cambridge City Council, Present Made will develop and operate close to 370 rental homes – including the UK’s first family houses to be designed and built exclusively for rent – as part of a new neighbourhood that will promote healthy and sustainable living.

The £160m scheme has been curated by award-winning Jo Cowen Architects, and is centred around the four pillars of:

1. Activated Public Realm – from Liveable Streets to a Raised Garden Court, residents will benefit from a range of outdoor spaces that facilitate connectedness to nature and each other, wellbeing, walking, cycling and exercise as part of a design that prioritises people above cars

2. Community Creation – a range of internal and external amenity spaces combined with a year-long calendar of communal events will encourage residents to meet and get to know their neighbours

3. Professional Management – Present Made will retain ownership and control of the completed development, with residents benefiting from an on-site management team that is readily available, handling any maintenance issues speedily as well as organising regular socials

4. Talent Retention – by offering a new type of high quality rental housing that has never been seen before in the UK, Present Made at Eddington will help Cambridge capture and retain talent by providing an attractive alternative to homeownership that is both flexible and secure in tenure


Residents will further benefit from Present Made’s corporate focus on sustainability, with the company targeting a net zero carbon operational model as part of a wider ESG-driven strategy.

The homes at Eddington will be highly energy efficient thanks to a combination of smart technology and modern methods of construction, with the houses precision engineered in a factory environment in a process that is less wasteful, disruptive and time consuming compared to traditional construction techniques.

Eddington is the first site within Present Made’s initial £1.6bn development pipeline, which will see over 3,000 precision engineered smart rental homes delivered across the south of England.

The company has a further three sites in the Oxford-Cambridge Arc in addition to Eddington, with further announcements expected later this year. The region is one of the UK’s most innovative and productive but also has some of the highest housing costs.

Richard Jackson, co-founder of Apache Capital and CEO at Present Made said: 

“It is a privilege to be working alongside the University of Cambridge in delivering the UK’s first family homes to be specifically designed and built for rent.

“Present Made homes will sit in master-planned, landscape-led communities that have been designed around people not cars, to promote active, healthy and sustainable lifestyles.

“Harnessing the power of institutional capital, Present Made will own, develop and operate beautiful, sustainable homes for the long term. Our aim is to create a new way of living, providing aspirational yet attainable housing set within living streets and active communities that are integrated with their surroundings. Our vision is to encourage healthy and sustainable lifestyles, making them second nature to our residents.

“Present Made will help the University and City attract and retain talent as part of a multi-tenure diversified intergenerational community to complement the exceptional placemaking and quality of mixed-use development already delivered by the University.”

Brian Nearney, Commercial Director from the University of Cambridge, commented: “Eddington sets the standard in sustainable living. Unprecedented in its ambition and scale, Eddington is part of the University’s plans to safeguard its future as a world-leading university by providing key workers, students and the wider community with a vibrant place to live.

“Present Made will take a unique role at Eddington with the delivery of highly sustainable family homes and their on-going community development work which complements the overall masterplan vision.”


Jo Cowen, CEO of Jo Cowen Architects, said:  “Present Made at Eddington will be characterised by a high-quality of architecture and a highly-liveable public realm, with the idea of time well-spent being central to the concept.

“We have designed a sustainable neighbourhood focused around people, not cars, which aims to connect an intergenerational community with one another and improve the quality of everyday lives through high quality homes and streets.

“The scheme will deploy modern methods of construction through bespoke design, integrating new technologies with a holistic vision to deliver a development and amenity spaces that promote sustainable living, wellness, human connection, personal growth, and common unity.”

The University of Cambridge was advised by Bidwells.


About Eddington


Eddington is a mixed academic and urban community: a place that is sustainable, long lasting and ambitious offering a high quality of life to enhance both the City and the University of Cambridge.


The vision for the 150-hectare development includes: 3,000 homes; 2,000 student bedspaces; 100,000 sqm of new academic and commercial research space; as well as space for senior living, a community centre, supermarket and shops, health facilities, a primary school and nursery, a hotel and extensive open space and landscaping

Apache Capital’s single-family housing platform Present Made acquires second site in the Oxford-Cambridge Arc from Valorem Investment Partners

·       New sustainable housing development targeting a net zero operational carbon model will see 650 precision engineered smart homes delivered  

·       The £215m scheme is Present Made’s second site in the Oxford-Cambridge Arc and will help meet a pressing housing need

·       Residents will have access to a range of amenities as well as a new 87-acre country park, with a new primary school built on-site too

Present Made, the UK’s first company to develop, own and operate single-family homes designed exclusively for rent, has announced plans for its largest scheme to date on a site in Central Bedfordshire.

The 68-ha site, acquired from Valorem Investment Partners (‘Valorem’), is situated at Thickthorn Farm – just north of Houghton Conquest – and forms part of the wider Wixams Park master-plan. Valorem achieved outline planning consent in 2018 following the freehold acquisition of the farm in 2014.

Present Made, which is wholly owned and fully funded by investment manager Apache Capital, aims to create a new community that promotes health, wellbeing and sustainability and is integrated with its surroundings.

In addition to 650 precision engineered smart homes, of which 35% will be affordable, the £215m GDV development, named Mill View, will also include a primary school and an 87-acre country park. The country park will be open to the public and make up over half the site’s total area.

To appeal to a broad range of demographics, a mix of two, three and four-bedroom homes will be provided at Mill View, which will be owned and operated by Present Made for the long-term.  All the homes will be highly energy efficient thanks to the integration of smart technology and use of modern methods of construction. Such technologies will be crucial to Present Made meeting its net zero carbon operational target.

Under designs by award-winning Jo Cowen Architects, Present Made of Mill View will combine important green infrastructure with beautiful connections to support residents and wildlife, along with landscape corridors to create opportunities for active travel across the site.

The £215m GDV scheme includes a range of on-site amenities, which will be free for Present Made residents to use, with access covered in the rent.

Residents will also benefit from on-site professional management provided by a dedicated in-house team, who will help organise events and other communal activities in the shared spaces as well as handling any maintenance issues. 

Present Made of Mill View is the company’s second site in the Oxford-Cambridge Arc, with the company’s flagship development forming a key part of the University of Cambridge’s award-winning 150-ha Eddington master-plan. Present Made has an initial £1.6bn development pipeline, which will see over 3,000 precision engineered smart homes for rent delivered across 10 sites in southern England.

Richard Jackson, co-founder of Apache Capital and CEO at Present Made said: “Today’s announcement demonstrates the seriousness of our ambition in creating the UK’s leading purpose-built and designed single-family housing platform, delivering large-scale schemes using modern methods of construction and putting health, wellbeing and sustainability at the heart of our designs. 

“Present Made was appointed by the University of Cambridge to deliver housing as part of its Eddington master-plan as they were impressed by the quality and the originality of our proposals and Present Made of Mill View will similarly be an exemplar scheme that sets new benchmarks for design, quality and service in the UK’s single-family housing sector.

“Fundamentally we want to do more than simply offer people a better home, we want to offer them a better lifestyle, where living sustainably is second nature. That is why we have invested heavily into the master-planning, design and development of our neighbourhoods and also considered carefully the services and amenities that we will provide onsite.

“There is currently no purpose-built family rental housing in the UK despite couples with children being one of the fastest growing segments of the renting population. Present Made of Mill View will not only offer a new type of high-quality sustainable housing that is both flexible yet secure in tenure while still being attainable to people on ordinary incomes.”

Anthony Maxwell-Jones, founder of Valorem Investment Partners said: “We are delighted to have sold the property to Present Made having delivered a planning consent that will provide much needed affordable housing, public open space within the Country Park and schooling for the local community.

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Apache Capital has a proven track record of delivering institutional-grade assets across the purpose-built student accommodation (PBSA), senior living, and build-to-rent sectors, representing £3bn of assets either completed or under construction.

Apache Capital has a proven track record of delivering institutional-grade assets across the purpose-built student accommodation (PBSA), senior living, and build-to-rent sectors, representing £3bn of assets either completed or under construction.

Apache Capital has a proven track record of delivering institutional-grade assets across the purpose-built student accommodation (PBSA), senior living, and build-to-rent sectors, representing £3bn of assets either completed or under construction.

Apache Capital has a proven track record of delivering institutional-grade assets across the purpose-built student accommodation (PBSA), senior living, and build-to-rent sectors, representing £3bn of assets either completed or under construction.