UK real estate investment manager Apache Capital makes three promotions to help support the continued growth of its single-family housing platform – Present Made.
Previously Head of Land and Planning at Present Made, Duncan Williams has been promoted to Acquisitions Director. In his new role, Duncan will work with Alan Penfold, Present Made’s Managing Director to establish joint venture partnerships with quality housebuilders and SME developers, as well as to identify forward funding opportunities as part of the company’s expanded strategy.
Previously Associate Director, Emma Giannini has been promoted to Senior Associate Director – Transactions & Structuring at Apache Capital. Her role has been expanded to include a greater focus on Present Made, which is targeting an initial £1.5bn portfolio of circa 3,000 homes.
Nikki King, previously Associate Director, has been promoted to ESG & Operations Director at Apache Capital. In her updated role, her focus will increase on Present Made and the platform’s third-party delivery partners, bringing her experience from working with Moda – the development and operational partner on Apache Capital’s prime multifamily housing strategy.
“What we recognise is the key to any venture’s success is having the right people and investing in staff is just as about important as investing in the right places and sectors, so we are pleased to announce a number of promotions across our main business and single-family subsidiary.”Mervyn Howard, Executive Chairman, Apache Capital
Last month, Apache Capital announced a new joint venture with Nuveen Real Estate to fund the delivery of single-family Build to Rent housing across the UK, which will be developed and operated by Present Made – which is wholly owned by Apache Capital. The first scheme to be funded is Present Made of Eddington, a 373-home development in Cambridge that secured planning permission last year. The scheme forms a key part of the University’s North West Masterplan.
Earlier this year, Present Made announced the reorienting of its strategy away from purely direct development to include working with third-party developers – including volume housebuilders, to rapidly scale the platform.
“The widening of Present Made’s strategy to including partnering with third-party developers will allow us to accelerate pipeline growth, which will be further enabled by the newly established joint venture with Nuveen.”Mervyn Howard, Executive Chairman, Apache Capital
The team will be involved in the design and delivery of all Present Made 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 and is targeting a net zero carbon operational model.