UK property development company Moda is partnering with investment management firm Apache Capital to create a £220m ($291m) build-to-rent community in Hove. The new development, which will include shops, offices, and apartments, has been designed by architects Foster + Partners and will be built on the site of an old car dealership. A 20,000 sq ft coworking location is also part of the project. Moda's managing director, Tony Brooks, said the scheme was the firm's first major project in the southeast, adding that Moda had "positions on several other substantial sites". Moda and Apache are also collaborating on a £2bn scheme to build more than 6,000 rental homes in a number of major UK cities.
UK property development company Moda is partnering with investment management firm Apache Capital to create a £220m ($291m) build-to-rent community in Hove. In the first phase 600 homes will be constructed, with up to 860 planned. A 20,000 sq ft coworking location is also part of the project. Moda's managing director, Tony Brooks, said the scheme was the firm's first major project in the southeast, adding that Moda had "positions on several other substantial sites". Moda and Apache are also collaborating on a £2bn scheme to build more than 6,000 rental homes in a number of major UK cities.