Penny Cox Senior Associate

Senior Associate
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Penny advises on high-value residential sales and purchases, mortgages and portfolio refinancing, lease extensions and collective enfranchisement.

She acts for a broad spectrum of clients including high-net-worth individuals, investors, companies and banks.

Penny specialises in the sale and purchase of high-value London property and country houses and estates. She is also experienced in development structuring including buffer, head lease structures, long residential leases, tenants’ rights of first refusal and development new build sales. Penny’s practice also includes advising on assured shorthold tenancies from both a landlord and tenant perspective and general landlord and tenant advice.

Penny has notable experience in acting for buyers, sellers and tenants of central London properties on the Cadogan, Grosvenor and Wellcome Estates.

Qualified in England and Wales, 2014.

Expertise

Recent work

New build purchase

Acting on the purchase of a new build house on the boundary to a Royal Park and the necessary new build warranties for mortgage.

Development structuring and sales

Acting for a developer on the development structuring and subsequent sale of prime and super prime central London apartments.

Purchase of the freehold

Acting for a tenant participating in a collective enfranchisement to buy the freehold of a prime central London residential building, including advising on both participation as a tenant and investment in the investment company.

Sale for development

Advising trustees on the sale of a farm to a developer conditional on the buyer and the land promoter obtaining planning permission.

Tenants’ rights of first refusal

Advising a company on the sale of the ground rents from several mixed use buildings and guiding them through the tenants’ rights of first refusal.

Development restructuring and developer exit

Acting for a developer on its exit from a completed super prime residential development and the handover to the tenant owned management company.

Resolution of defective title for leasehold property

Acting for an individual in the purchase and mortgage of a leasehold property and resolving a significant defect in title.

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"Penny Cox is commercial and has a great “bedside manner” while getting her point across with gravitas. She is persuasive and always considers the options and thinks before advising."

The UK Legal 500 2023

"Comprehensive in terms of service line offering and very high level of expertise. Penny Cox in particular consistently the high level of service one would expect from a firm like Macfarlanes. She is responsive, pragmatic and progressive in her attitude."

The UK Legal 500 2023