Apache Capital Partners, a Manama based investment firm has recently launched a joint venture agreement with Moda Living and Uber to cut car ownership, and change the way people rent homes across the largest cities in the UK.
Apache Capital Partners and developer Mode Living announced a prop-tech tie up which is going to offer tenants up to £100 Uber credits per month if they agree on not having a car parking space in the building. Residents will only have to download Moda Living’s app and press a button to get a ride.
Richard Jackson, co-founder and managing director of Apache Capital Partners, said: “Cities face huge challenges that can only be solved through collaboration. This proptech partnership around cutting car ownership is one logical step to free up space and cut emissions. Uber’s endorsement of the Moda Living brand sends a clear message to civic leaders that we are ready and willing to help improve not only the lives of renters but also the communities around the buildings we invest in.”
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