A £125 million refinancing deal has been secured for a major single-family rental development in Cambridge, comprising 373 homes, from United Overseas Bank. The deal replaces an earlier loan and marks a significant milestone for the completed Present Made scheme at Eddington, which has already received industry recognition.
Located just two miles from Cambridge city centre and adjacent to the University of Cambridge's West Cambridge research campus, the development reached full practical completion in Q4 2025. It forms part of the university's broader North West Cambridge masterplan, which includes educational facilities, retail spaces, and community amenities aiming to create a comprehensive living environment.
Apache Capital operates the development through its Present Made platform, with Nuveen Real Estate acting as investment advisor since establishing a joint venture in 2023. The scheme targets net-zero operational carbon through advanced engineering and technology systems, reflecting a growing trend in institutional real estate.
The development offers an array of amenities, including a pavilion, rooftop terrace, gym, workspace, cinema room, and children's playground. Its quality has been recognised, having won the Best Single Family Housing Development award at the 2025 Love to Rent Awards and securing a shortlisting for Development of the Year at the 2026 Property Week RESI Awards.
This refinancing deal comes amidst changes in the UK rental market, with tax threshold adjustments set to impact many landlords by 2028. Single-family build-to-rent schemes like this one represent a rapidly expanding segment of institutional investment, distinct from traditional buy-to-let properties. The lender's confidence in the scheme's performance and demand within the Cambridge housing market is evident in securing term financing ahead of schedule.