Private real estate investment management firm Apache Capital Partners and build-to-rent developer Moda Living have announced a proptech tie-up with Uber for their residential joint venture projects across the UK.
The scheme will see each rental tenant offered up to £100 (€114) Uber credits per month if they agree not to have a car parking space in the development.
'Cities face huge challenges that can only be solved through collaboration. This proptech partnership around cutting car ownership is one logical step to free up space and cut emissions,' commented Richard Jackson, co-founder and managing director of Apache Capital Partners.
Moda Living, which is backed by £1 bn of investment from Middle Eastern-based Apache Capital Partners, is currently developing 6,000 rental-only homes in major cities across England and Scotland, which will be managed under the Moda Living brand.
The joint venture said the proptech partnership was likely to be rolled out in cities across the world.
'Our apartments are for rent rather than for sale so we need to consider how our customers will live in cities in the future,' said Johnny Caddick, managing director of Moda Living. 'Embracing future technology is vital from day one and these plans for a partnership with Uber would not only give our customers an affordable ride at the touch of a button - it would also enable us to design better buildings with more space for social interaction.'
Apache and Moda Living currently have developments in London, Edinburgh, Glasgow, Leeds, Liverpool, and Birmingham. The joint venture’s first scheme, Angel Gardens in Manchester’s NOMA neighbourhood (pictured), is currently under construction and will house close to 900 residents when it completes in 2019.
