UK residential property specialist Present Made has announced plans for its largest scheme to date on a site in Central Bedfordshire in the UK.
The 68-ha site, acquired from Valorem Investment Partners, 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 scheme on the site with a gross development value of £215 mln (€253 mln).
In addition to 650 precision engineered smart homes, of which 35% will be affordable, the Mill View project 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.
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 150-ha Eddington master-plan. Present Made has an initial £1.6 bn 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: '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.'
