Penhurst Properties Ltd
A steady ascent
The Penhurst Group was founded in 1987 by John Elkington, and since its inception has evolved to become a substantial property company with total group assets of just under £50 million.
The founding philosophy of the business was to build up a portfolio of property, mostly in the residential sector, suitable for letting to affluent and highly mobile young professionals. As such, the properties targeted for acquisition were modestly priced and modestly sized to appeal to the specific needs of this distinct target group. In addition to the residential letting focus, the Company is also involved in the occasional acquisition of commercial properties and various development projects which traditionally deliver a maximum of fourteen units.
By adopting a strategic and highly focused approach to securing consistent company growth, the Penhurst Group has purposely avoided large speculative or fashionable projects.
In addition to targeting modestly priced/sized properties, the Company has also defined its market sector in terms of geographical location, focusing predominantly on the catchments area south of the River Thames and within a five-mile radius of Lavender Hill.
The core purchasing area therefore comprises Fulham, Battersea, Clapham, Balham, Tooting, Wandsworth and Wimbledon. The Company Directors pride themselves on their personal knowledge of these sought-after London districts - thus offering a very experienced and efficient management process.