Housing will be delivered using Modern Methods of Construction via a company specially set-up by Apache called Present Made.

The first three sites in the company’s £1.6bn development pipeline are located in the Oxford-Cambridge Arc.

Present Made is Apache Capital’s second UK build-to-rent (BTR) investment after its £2bn multifamily joint venture with developer-operator Moda Living, which is delivering over 6,000 apartments for rent in the UK’s largest cities.

Richard Jackson, managing director and co-founder of Apache Capital and CEO at Present Made said: “Four years in the making, Present Made from the outset has been designed around our future residents’ needs.

“Despite record numbers of families renting, no purpose-built single-family rental housing exists in the UK.

“Present Made will cater to this growing but under-served segment of the rental market by providing high quality smart homes designed and built specifically for rent, delivered through precision engineering and operated by our own dedicated in-house team.”

Present Made homes will be precision engineered in a factory environment to create more energy efficient properties at a faster pace and with less waste.

The homes will sit in master-planned, landscape-led communities that have been designed to promote active and healthy lifestyles that support mental and physical wellbeing.

Residents will benefit from access to extensive in- and outdoor amenities, as well as from the presence of a professional onsite team responsible for security, maintenance and organising regular social events.

To make them suitable for renters of all ages, Present Made communities will have a soft play area for children as well as onsite dining, working and exercise facilities.

Present Made is looking to cater to the 1.8m families with children who rent in England. It is estimated that over half of the children born today will grow up in rented accommodation.