Apache Capital and Nuveen Real Estate have agreed a two-year, £125m refinancing deal with United Overseas Bank (UOB) for the Present Made, Eddington single-family housing (SFH) rental scheme delivered in partnership with the University of Cambridge.
The scheme is operated by Apache Capital’s in-house operational platform Present Made, with Nuveen acting as investment adviser, and forms part of the wider Eddington urban extension to the north west of Cambridge.
The SFH scheme, which completed in late 2025, comprises 373 smart, energy efficient homes with the shared amenity provision including a pavilion and rooftop terrace, a gym, dedicated workspace, a cinema room and a children’s playground. The UOB refinancing replaces the previous development loan facility with BGO.
John Dunkerley, founder and chief executive of Apache Capital, said: “Present Made, Eddington is a template for how similar urban extensions can blend different types of rental and for-sale housing. The provision of different services and, above all, the friction-free experience we give our customers should be what all rental schemes look to offer.
“With growing interest in Cambridge, and growing momentum around major science and technology companies in the region, we continue to see a deep well of demand from families and high-skilled workers who rightly want a better rental experience than is often found in the market.”
Jasper Gilbey, head of housing and alternatives, Europe at Nuveen Real Estate, added: “We are delighted to have successfully completed the refinancing of our flagship single-family housing development in Cambridge – Present Made, Eddington. The strong lender demand reflects the high quality of the scheme as well as its strategic location in one of the UK’s most prominent growth markets, Cambridge. An excellent result delivering practical completion and the refinancing ahead of business plan – a great collaborative effort between the Nuveen and Apache teams”.
Lim Lay Wah, head of global financial institutions group, overseas branches and ESG strategy of UOB, said: “As the demand for high quality, sustainable housing solutions continues to grow, well-structured green financing plays an increasingly important role in supporting the development and scaling of such assets. We drew on our sustainability expertise to deliver financing solutions for Apache Capital and Nuveen Real Estate to advance their sustainable development initiatives in the UK, while supporting the long-term performance of quality real estate assets.”
