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Uber ties up with build-to-rent developer
Uber and Moda Living, a build-to-rent developer, have partnered to cut the amount of parking at the landlord’s private rented sector schemes by offering free taxi rides.
The partnership, designed to reduce car ownership and change the way people rent homes across the UK’s largest cities, will offer tenants up to £100 of Uber credits per month if they agree not to have a car parking space in their building.
Moda Living said that because it was a build-to-rent developer, it had to think about how the buildings would be used long into the future. The company is backed by £1bn of investment from Middle Eastern-based Apache Capital and is developing 6,000 rental-only homes in cities across England and Scotland.
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Moda Living’s developments will be located in London, Edinburgh, Glasgow, Leeds, Liverpool, Birmingham and Manchester. These are all cities where Uber operates.
The company said it was hoping to create more sustainable developments, as city leaders tackle the challenge of building millions of homes while also reducing emissions.
The company’s first scheme, Angel Gardens in Manchester’s NOMA neighbourhood, is currently under construction and will house close to 900 residents when it completes in 2019.
Moda Living’s buildings are created only for rent, and include shared areas that mimic a high-end hotel. The company plans to offer renters a bespoke app to connect with each other, control heating and entertainment, and order food and other services such as booking a ride through Uber.
In a joint statement, the companies said: “There are around 30 million cars in the UK – and 95% of the time these cars remain parked and unused, taking up valuable space on the street or in car parks. By helping to reduce the need to own a private car, the partnership’s aim is to put urban space to better use and reduce congestion and air pollution over time
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