Apache Capital announces promotions to support strategy pivot for single-family platform Present Made
Key staff promoted across investment management business and wholly owned build-to-rent developer-operator
Promotions follow broadened strategy for Present Made, which will work with third-party delivery partners to rapidly scale pipeline
Today’s announcement follows formation of joint venture between Apache Capital and Nuveen Real Estate to fund single-family housing via Present Made
Apache Capital, a leading UK real estate investment manager focused exclusively on the living sectors, has made three promotions to help support the continued growth of its single-family housing platform, Present Made:
Duncan Williams, previously Head of Land and Planning at Present Made, has been promoted to Acquisitions Director. His new role will see him work with Present Made’s managing director Alan Penfold to establish joint venture partnerships with quality housebuilders and SME developers and identify forward funding opportunities as part of Present Made’s expanded strategy.
Emma Giannini, previously Associate Director, 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, who has been promoted to ESG & Operations Director at Apache Capital. Her updated role will see her focus 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 multi-family housing strategy.
This month, Apache Capital announced the creation of 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. The first scheme to be funded is a 373-home development in Eddington, Cambridge, which forms a key part of the University’s North West Master-plan.
Earlier this year, Present Made, which is wholly owned by Apache Capital, 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 Present Made 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 sites for the long term and is targeting a net zero carbon operational model.
Mervyn Howard, Executive Chairman at Apache Capital, said: “The widening of Present Made’s strategy to include 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. However, 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.”