Penny Cox

Senior Associate

About

Penny advises high-net-worth individuals, investors, developers, landlords, tenants, trusts and family offices on their residential property matters. She advises on a broad range of matters including acquisition and disposal of high-value residential property, residential leases, leasehold extension claims and licences to assign and alter, as well as general residential property advice.

Penny is calm and approachable with a practical and commercial mindset. Clients and referrers value her responsiveness and thorough knowledge, together with her ability to keep matters moving. She is an efficient problem‑solver who anticipates issues, explains options with clarity, and makes the process feel straightforward. Penny’s steady manner and client‑first approach ensures clients feel supported and well‑informed at every stage.

Penny is a committed trainee supervisor who enjoys developing future lawyers and fostering their progression. She also supports the firm’s Early Legal Careers programme, interviewing candidates and representing the firm at external events.

Qualified in England and Wales, 2014.

Experience

  • Advising a UK joint venture company on the acquisition of five prime central London buildings from a charity vendor with a full leaseback backed by £23m of senior debt and, subsequently, advising on the property side of a £78m refinancing and development facility to refinance the original debt, fund deferred consideration and finance the site’s development.
  • Advising a high-net-worth couple on the acquisition and financing of an undeveloped freehold house in Kensington, with a view to full renovation and modernisation including liaison with the clients’ development team and specialist planning advisors.
  • Advising a UK individual on downsizing and selling their house and buying a flat in a listed building on the Grosvenor Estate, including detailed advice on the affect of the Building Safety Act on the management of the building and the client’s service charge.
  • Advising a family office on the impact of the Renters Rights Act 2025 on tenancy terms, rent reviews and termination options for a number of apartments in a house held on trust for the family.
  • Advising an international couple on the purchase of a prime central London townhouse with complex M&E, integrated AV and security systems, securing exclusivity and exchanging within 48 hours in a competitive process.
  • Advising a high-net-worth couple on the sale of a Kensington and Chelsea house to a UK company with an Indian ultimate beneficial owner, with simultaneous exchange and completion.
Penny is excellent in all fields of her specialism.

Chambers HNW 2025

Penny Cox is very responsive, knowledgeable and easy to speak with.

Chambers HNW 2025

Penny is super-efficient, calm and very helpful. She never makes you feel like you are asking stupid questions; she is very good at explaining the law.

Chambers HNW 2024

She is just easy to deal with; quite calm, commercial and practical.

Chambers HNW 2024

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

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