Apache Capital appoints General Manager from Hines’ student brand for flagship single-family development
Apache Capital’s suburban build-to-rent platform Present Made has appointed Jack Hughes as General Manager for its debut scheme
373-home neighbourhood sits is being delivered in collaboration with the University of Cambridge
Present Made of Eddington has been funded by Nuveen Real Estate and Apache Capital partnership, with debt finance from BGO
UK-focused living real estate investment manager Apache Capital has appointed a General Manager for Present Made of Eddington – the maiden development of Apache Capital’s single-family build-to-rent (BTR) platform, Present Made.
As General Manager for Present Made of Eddington, Jack Hughes will oversee all aspects of the development’s operations once the scheme reaches full practical completion. Construction works started earlier this year, with the first homes set to be ready for move-in in early 2025.
Hughes has a background working in the operational living sector in Cambridge through his previous role as General Manager at The Cam Foundry for aparto student, the European student accommodation brand of global real estate investment manager Hines. There, he oversaw day-to-day site operations and supported with new site mobilisations across Europe.
Present Made of Eddington will deliver 373 rental homes – including the UK’s first family houses to be designed and built exclusively for rent – and forms a key part of the University of Cambridge’s 150-hectare North West Cambridge masterplan. The masterplan includes 3,000 homes (of which 50% are for University key workers as affordable housing), 2,000 student beds, 100,000 sq. m. of employment space and 5,300 sq. m. of retail.
In addition to high-quality housing built exclusively for rent, Present Made of Eddington will 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 professional management and amenity provision.
The Present Made team will provide round-the-clock resident support, be responsible for all maintenance as well as running a year-long calendar of social and wellbeing activities. These will include zero waste pop-ups, cycling and running clubs, cultural celebrations, live music, art classes, cooking classes, charitable events and talks from inspirational people.
Present Made of Eddington has been funded through a partnership between Nuveen Real Estate and Apache Capital, with debt finance coming from BGO.
Jack Hughes, General Manager, Present Made of Eddington, said: “This as an incredible opportunity to play a leading role in the launch and ongoing operations of a truly unique housing development.
“Combining my own background with Apache Capital’s experience in operating purpose-built student accommodation and prime multi-family, we will look to deliver a first-class experience for the residents of Present Made of Eddington.”
Alan Penfold, Managing Director, Present Made, said: “Jack will play an important role in ensuring that the hospitality-like service that defined our prime multi-family strategy is replicated at our flagship single-family development.
“Residents at Present Made of Eddington will benefit from living in a secure, modern, and sustainable neighbourhood with a first-of-its-kind amenity and service offering in Cambridge, helping raise standards in the local rental market.”