Present Made, Apache Capital's single-family build-to-rent platform, has formed a joint venture (JV) with homebuilder Miller Homes to deliver a 650-home mixed-tenure community in Bedfordshire, UK, currently named Mill View.
The 170-acre site will provide a mixture of private-sale, affordable and single-family build-to-rent (BTR) housing. Construction is planned to begin in Q4 of 2024, with the first homes set to be delivered in 2025.
The Mill View development builds on Miller Homes’ strong record of forming JVs with partners to deliver high-quality homes and communities. It marks Present Made’s first triple-tenure transaction, which refers to sites providing a mix of private sale, affordable and BTR homes.
Located in a cluster of villages 13 minutes south of central Bedford, the site forms part of the wider Wixam Park masterplan, which includes over 1,500 homes and five-acres of employment land. The site benefits from outline planning consent for a new primary school, community infrastructure and an 87-acre country park.
Alan Penfold, managing director at Present Made, said: 'In Miller Homes, we have a five-star, best-in-class delivery partner renowned for its quality of product and speed of execution. The delivery partner model will help Present Made achieve scale faster while ensuring we maintain the highest design, build and operational standards.'
