Apache appoints Managing Director for Present Made

Apache Capital announces new Managing Director for its single-family Build to Rent housing platform Present Made.

Apache Capital promotes Alan Penfold to Managing Director of Present Made | BTR News
Apache Capital promotes Alan Penfold to Managing Director of Present Made.

Investment manager Apache Capital announces that it has promoted Alan Penfold to Managing Director of its single-family Build to Rent housing platform, Present Made. Alan was previously Present Made’s Executive Director, and prior to that he was a Director at Apache Capital for four years.

Alan brings over 15 years’ experience in housebuilding to his new position. Before joining Apache Capital, he held land and development-focused roles at Barratt Homes, Bellway Homes and Crest Nicholson. 

“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.”

John Dunkerley, CEO, Apache Capital

Alan will work closely alongside Apache Capital’s CEO John Dunkerley and Chairman Mervyn Howard following the departure of Founding Partner Richard Jackson. 

As part of plans to rapidly scale the platform and under Alan’s leadership, Present Made will broaden its strategy to include working with other developers – including volume housebuilders.

“From student accommodation through to senior housing and multifamily 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.”

John Dunkerley, CEO, Apache Capital

The team will be involved in the design and delivery of all schemes – to ensure they meet the company’s ESG criteria and brand standards concerning amenity and service provision. Present Made will operate all its sites for the long term and is targeting a net zero carbon operational model.

“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 by high levels of service and high-quality design, as both are 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.”

Alan Penfold, Managing Director, Present Made

Apache Capital launched Present Made in 2021, and secured planning permission for its Eddington neighbourhood in Summer 2022 – its first single-family Build to Rent scheme. Present Made also acquired a second site to deliver Mill View, a single-family Build to Rent scheme in the Oxford-Cambridge Arc.