Apache Capital achieves four star GRESB Rating for operational multi-family build-to-rent assets
Apache Capital has achieved a four star GRESB Rating for its operational platform 1 multi-family build-to-rent assets – which include The Lexington (Liverpool), The Mercian (Birmingham), Holland Park (Glasgow), The McEwan (Edinburgh), and New York Square (Leeds) – for 2024.
Apache achieved a score of 82/100, ranked in 8th place amongst its peer group as a whole, and in 2nd place across select peer groups.
Apache’s results this year underline the strength of its ESG strategy at both a portfolio and corporate level, with GRESB assessing a wide range of performance components relating to operational assets and corporate procedures.
Maximum scores were achieved in matters relating to Data Monitoring & Review; Tenants & Community; Targets; Risk Assessment; and policies, with high scores in other areas.
They also demonstrate Apache’s commitment to improvement and growth, where its new ESG initiatives resulted in a higher score than last year.
Director of ESG & Operations, Nikki King, said: “As fiduciaries of institutional capital, we are committed to ensuring sustainability and ESG objectives of our capital partners are comprehensively met. Having one of the UK’s largest operational multi-family portfolios is key to this as it gives us added visibility and data on factors impacting performance, helping to inform the continued development of our strategy.
“We place a strong emphasis not only on carbon reduction, but also the wellbeing of our residents and surrounding local communities, where we are making long-lasting and meaningful change in our areas of operation to drive value for our investors and uphold our commitment as a responsible member of society.”
Apache Capital is one of the UK’s most prolific build-to-rent investors. It’s multi-family build-to-rent portfolio – where Moda is developer and operator – is one of the largest in the UK, with over 3,000 homes of its +4,000 home pipeline being operational. Its wholly-owned single-family housing platform, Present Made, has two schemes in its portfolio; a 373 development in Cambridge, which is under construction, and a 650 home tri-tenure scheme in Bedford being delivered through a joint venture with Miller Homes.