Apache Capital purchases Bedfordshire site for £215m GDV sustainable housing scheme

Apache Capital’s single-family housing platform Present Made has acquired a 68-ha site in Bedfordshire from Valorem Investment Partners for a £215m GDV sustainable housing development.

The site is located at Thickthorn Farm and forms part of the wider Wixams Park masterplan. 

Valorem achieved outline planning consent in 2018, following the freehold acquisition of the farm in 2014.

Present Made’s Mill View scheme is set to deliver 650 two-, three- and four-bedroom precision engineered smart homes — 35% of which will be affordable — as well as a primary school and an 87-acre public country park.

All the homes, which will be owned and operated by Present Made for the long-term, will be highly energy efficient thanks to the integration of smart technology and use of modern methods of construction. 

The £215m GDV scheme will also include 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 handle any maintenance issues.

The development will be designed by Jo Cowen Architects and will combine green infrastructure with connections to support residents and wildlife, along with landscape corridors to create opportunities for active travel across the site.

Mill View is Present Made’s second site in the Oxford-Cambridge Arc, with the company’s flagship development forming a key part of the University of Cambridge’s 150-ha Eddington masterplan. 

Present Made has an initial £1.6bn development pipeline, which aims to 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 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 considered carefully 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, commented: “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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