News and Updates
20 October 2023
New build-to-rent homes provide a distinctive offer at Eddington
New build-to-rent homes will form part of the community at Eddington offering flexibility, choice and a sustainable lifestyle to the Cambridge housing market.
Developer Apache Capital has partnered with Nuveen Real Estate to develop and operate the homes under the name Present Made of Eddington which comprises of 373 homes (lots S1 and S2) as part of the North West Cambridge masterplan.
Matt Johnson, Head of Development for North West Cambridge at the University of Cambridge, said: “Eddington is an exemplary neighbourhood home to a growing and diverse community of residents, students, businesses and service providers. Through our work with leading development partners, we are continuing to deliver much needed homes, across a range of tenures, which can support the continued growth of the Cambridge eco-system. Present Made will deliver high quality homes for rent providing residents with homes that support sustainable lifestyles, flexibility and choice. We look forward to welcoming the residents of Present Made to the community.”
Alongside high quality housing built specifically for rent, Present Made of Eddington will also provide a range of amenities and shared spaces, including a communal pavilion, gym, yoga studio, private dining room, bike café, games room, cinema and co-working space. This will make Present Made of Eddington Cambridge’s first purpose-built and designed rental housing development with on-site management and resident support.
Alan Penfold, Managing Director at Present Made, said: “Between Nuveen Real Estate and the University of Cambridge’s Estates Division, we have two best-in-class partners to support the delivery of Present Made of Eddington. There is growing demand for high quality rental housing outside of city centres that provides both a lifestyle and a home, which we are looking to satisfy through Present Made, with Eddington serving as ‘proof-of-concept’ through the quality of its consumer offering.”
Limor Shklaz, Director of Housing, Alternatives and Strategic Transactions at Nuveen Real Estate, said: “Present Made of Eddington will provide a distinctive rental offering that will be the first of its kind in Cambridge. Central to this offering will be the core principles of community, sustainability and wellbeing. The design and development of the scheme will apply leading practices for energy efficiency, renewable energy and water conservation, while achieving a biodiversity net gain – ultimately to the benefit of our residents.”
The partnership agreement was announced in key trade press including: React News; IPE Real Assets; Property Week; EG; IREI; Housing Today; BTR News; BE News; Bisnow; CRE Herald; Real Asset Insight; Property Magazine International.