Apache Capital’s BTR housing platform Present Made has acquired a 68-ha site in Bedfordshire from Valorem Investment Partners for a £215 million GDV sustainable housing development.
The site is located at Thickthorn Farm, which is part of the wider Wixams Park masterplan. Valorem was given planning permission in 2018, having acquired the site in 2014.
Present Made’s Mill View scheme is set to deliver 650 two-, three- and four-bedroom smart homes to the site, with a 35 per cent affordable allocation, as well as a primary school and an 87-acre country park.
The homes will be constructed using modern methods of construction (MMC) and will have integrated smart technology. There will also be a range of on-site amenities for residents to use.
The properties will be managed by an on-site management team, who will also plan community events as well as handling maintenance issues.
Mill View is Present Made’s second acquisition within the Oxford-Cambridge Arc, the first being their 150-ha site at the University of Cambridge’s Eddington Campus.
Richard Jackson, co-founder of Apache Capital and CEO at Present Made, said “Today’s announcement demonstrates the seriousness of our ambition in creating a 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.
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 masterplanning, design and development of our neighbourhoods and also carefully considered the services and amenities that we will provide on-site.
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.”
Image source- Present Made
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