Apache Capital’s single-family BTR platform Present Made has promoted Alan Penfold to the role of managing director.
Penfold was previously an executive director at Present Made and in his new role he will work alongside Apache Capital’s CEO John Dunkerley and chairman Mervyn Howard following the departure of founding partner Richard Jackson.
He was a director at Apache Capital for four years before joining Present Made and prior to that he enjoyed stints at Barratt Homes, Bellway Homes and Crest Nicholson.
Penfold said: “My ambition is to build on the excellent work that has been done so far in establishing Present Made as a leading player in the single-family build-to-rent space. The key to success for any operational business is scale and right now we see a major opportunity in working with other delivery partners to rapidly grow our portfolio of sites.
“We see our emphasis on all aspects of masterplanning and ESG, combined with strong branding that is underpinned high levels of service and high-quality design, as both a key differentiator and source of value creation. This conviction will be reflected throughout all our developments, including those delivered in partnership with third parties, all of which we will own, manage and operate for the long term.”
Dunkerley added: “Having been involved with Present Made since concept stage and with a solid background in housebuilding, Alan is perfectly positioned to take the business to the next stage. He brings to the table a wealth of experience and will build on our 15-year track record of delivering high-quality, professionally managed housing.
“From student accommodation through to senior housing and multi-family build-to-rent, our approach has been to work with best-in-class partners to create a leading market product that sets new benchmarks for quality, and we will continue this through with Present Made.
“The market conditions right now favour counter-cyclical asset classes like build-to-rent and we want to work with those looking to diversify into what is a fast-growing sector. By accelerating the growth of Present Made through the right partnerships, we can achieve scale faster and drive operational efficiencies without compromising on the qualities that will ensure our investments perform strongly over the long-term.”
