We are active in the commercial and residential property sectors in the UK and Europe, with previous investments as far afield as New York and Hong Kong. We are committed to bringing intensive and intelligent asset management to our portfolio.
Our in-house Development Team is currently delivering some of London’s most exciting landmark schemes. Our focus is on unlocking value across London. We believe development is a local business, and our experience in obtaining multiple planning consents and delivering numerous complex development schemes in London makes us a partner of choice for global capital accessing London.
Our investments have been direct, as well as through fund structures, and we typically invest alongside partners and through joint ventures. In total, we have over £2 billion of assets currently under management.
Our success comes from the talented, dedicated people who work for CIT. We employ the best people from a range of disciplines – and we are constantly adding to our talent pool.
CIT Financial Services Limited is authorised and regulated by the Financial Conduct Authority. For more information, please get in touch.
A former lawyer, John Barroll Brown established CIT as a vehicle for inward investment into the UK real estate market.
CIT’s original strategy was to invest in landmark income-producing assets, let to reliable covenants.
A further acquisition of a landmark London office building.
CIT acquired Sea Containers House on the South Bank, in 1996. Coincidentally, CIT acquired King’s Reach Tower, seen in the background, in 2010.
CIT’s AUM exceeds £300m for the first time.
This London landmark was acquired in January 1997.
Having identified various development opportunities in London, CIT moved to create its development business, which remains active today.
CIT identified this 13 acre brown field site on the South Bank of the River Thames, between London Bridge and Tower Bridge, and it became a strategic development opportunity. CIT delivered the GLA Building (City Hall) on time and on budget – a unique achievement among the municipal buildings of this time.
CIT’s AUM exceeds £500m for the first time.
Subsequent purchases of The Peak (view pictured) and Silver Fortune Plaza in Central established a track record for the platform.
The 387,942 sq ft building was purchased in December 2000 for circa £150m. CIT’s management of the investment realised an annualised Investor IRR in excess of 30%.
CIT’s investment history surpasses £1,000,000,000.
CIT Financial Services Limited remains regulated by the Financial Conduct Authority today.
Under CIT’s stewardship, footfall doubled and Zone A prime rents grew from an average of approximately £65 to £90 in two years.
CIT acquired this site in 2003, receiving planning consent in 2004 for 138 private residential and affordable apartments.
CIT purchased this 170,000 sq. ft. site for £15.5 million. Record sales prices were achieved for the private apartments.
CIT’s investment history surpasses £1,500,000,000
This residential site was purchased by CIT in June 2005 for £10million. Planning permission was received in December 2005 for the 31,250 sq. ft. site which was turned into 10 apartments and 15 parking spaces.
The portfolio totaled 730,000 sq.ft. and is valued at €103 million.
CIT purchased this 183,102 sq ft landmark building in London’s EC4
This former NHS Hospital site was acquired for £5.5 million. Planning permission was granted in 2007 and 11 large houses were erected.
The scheme was delivered in 2010.
CIT acquired 28 hotels through the CIT UK Real Estate Limited Partnership.
CIT investments surpass £2,000,000,000.
This site was acquired in 2007 without planning and transformed into 9 private apartments with architects Rolfe Judd. The project was completed in 2010.
CIT achieved planning consent in June 2010 for a new residential and retail development. The project was completed in 2014.
Appointed Development Manager by Clydesdale Bank for residential development at 135 Grosvenor Road, Pimlico.
A luxury residential new build development in the heart of Primrose Hill, due for completed summer 2015.
This landmark shopping centre in Hull was acquired by the CIT Jadwa Special Opportunities Fund.
CIT purchased South Bank Tower (formerly King’s Reach Tower) as a Joint Venture with Jadwa Investment.
CIT was appointed Development Manager of One Nine Elms (formerly Market Towers) redevelopment in Nine Elms by Allied Irish Bank and Green Property.
CIT’s asset management team won a mandate to manage this commercial portfolio across five European countries.
The consent, including 178 residential units over 36 storeys, was improved further in August 2013 to 191 residential units over 41 storeys.
Situated a short distance from Kensington High Street, CIT are working as development managers on this mixed-use scheme for 36 luxury apartments, offices and retail.
CIT won consent, for what was then Europe’s tallest residential tower. One Nine Elms was subsequently acquired by Dalian Wanda.
Redevelopment proposals are currently being prepared for this 178,000 sq. ft. office tower. Completion is expected in 2019.
CIT’s London office contact details are here.
Regent’s Crescent (formerly known as Park Crescent West) will become 76 luxury residences. Completion is expected in 2020.
12 Arthur Street comprises a 104,000 sq. ft. core City office building constructed in 2004. The building is multi let with tenants including Prudential, A.M. Best and Credo and provides various asset management opportunities.
CIT and joint venture partner, UCP, plan to regenerate the site into a new mixed-use development.
Work commences on HYLO (formerly Finsbury Tower) for a 310,000 sq ft mixed-use scheme. Completion is expected in 2021.
CIT is granted a new long leasehold interest from the City of London for this unique site at London Bridge, and appoints Foster & Partners to bring forward proposals for a landmark redevelopment.
John founded CIT in 1995 and is responsible for our consistent growth into one of the foremost private equity property investment vehicles in the business.
That success is largely down to the partnerships and fund structures John has forged with institutions and high net worth groups in Europe, the US, the Middle and Far East and Australia. During this time the group has acquired approximately £3 billion of commercial property.
John remains the Chairman of the Group and chairs our Investment Committee.
Craig is responsible for all investments under management, as well as focusing on raising funds and overseeing day to day operations of the group.
Before joining us in 1999, Craig spent six years in the advisory division of Jones Lang LaSalle, where he specialised as a consultant in shopping centres and central business district offices for the Sydney and London offices.
Craig is qualified MRICS, BBus (Land Econ) Grad Dip (Fin & Inv) and is a Certified Fund Manager (CFM) and Certified Property Practitioner (Fin) (CPP (Fin)). He is an Associate of the Australian Property Institute and Fellow of the Securities Institute of Australia.
Tom leads the analysis and underwriting process for new projects at CIT. Bringing together the expertise and experience of professionals across the CIT team, Tom leads an evidence-based approach to investment, identifying innovative strategies to unlock value, and ensuring all our projects are underpinned by a robust business case, no matter the sector or location.
Tom has a track record in identifying value-add and opportunistic projects where CIT can outperform, securing assets on favourable terms and giving the platform from which to deliver high-quality, sustainable real-estate targeted at its end-user. Prior to CIT, Tom advised public and private sector clients on structuring and viability of development and investment opportunities across the UK, at property consultancy King Sturge. He holds an MA in Mathematics from the University of Cambridge.
Steve joined CIT in 2010 and is responsible for managing the group’s development activities.
He has over 25 years of experience with landmark mixed-use schemes, and worked at Land Securities and Tishman Speyer before joining us. CIT’s most recent development projects include the iconic South Bank Tower and St Edmund’s Terrace in Primrose Hill.
Steve is a qualified architect. His design background gives him an unusually broad perspective that allows him to add value where others can’t. He has a strong track record in delivering commercially successful schemes in central London.
Ed oversees the financial management, accounting, tax and financial reporting of CIT and our investment portfolio.
Before joining us in 2008, he spent six years at BDO LLP. He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), with an MA in Natural Sciences from the University of Cambridge
Prior to joining CIT in August 2014, Ewen worked within Property Agency and Consultancy organisations where he specialised in the project management of commercial, residential and retail projects for clients including: British Land, Berkeley Homes, Heron International, Pillar Properties, Land Securities, Get Living London and Native Land as well as niche developers Zog Group and PDMS Vesty.
A member of the Royal Institution of Chartered Surveyors, Ewen holds an Honours degree in Building Surveying from De Montford University, Leicester.
Ewen was responsible for managing the onsite delivery of CIT’s South Bank Tower and is now managing the development of Lancer Square, Kensington.
Chris joined CIT in 2011 and is responsible for sales and marketing of CIT’s residential projects.
He has a background in engineering, design and finance with a BA (Hons) Industrial Design from Brunel University and a Masters in Finance & Investment from CASS Business School.
Previously, Chris worked at CTM Design, creating luxury interiors for aircraft and yachts.
Colin joined CIT in 2009. He focuses on the detailed design and delivery of our residential projects, and has played a key role in delivering CIT’s Chelsea Galleries project on the King’s Road.
Colin has worked all over the world, from New York to Lebanon – an experience that gives him an unrivalled insight into the evolving design vernacular. He’s a qualified architect, with a passion for bold mixed-use schemes.
Toby is responsible for sourcing, analysis and execution of new opportunities as well as the asset management of our existing portfolio.
Prior to joining CIT in 2014 he worked for real estate consultancy Cushman & Wakefield, where he worked in the Central London Investment Team. Toby holds an MSc in Real Estate from the University of Reading and is a member of the Royal Institution of Chartered Surveyors (MRICS).
Matthew joined CIT in 2015 and after recently completing the South Bank Tower project he is now focusing on delivering Park Crescent West and Finsbury Tower.
Matthew has a strong background in delivery of high end prestigious projects having previously worked with Mace special projects on the British Museum, The Savoy Hotel and Park House projects. Prior to Mace Matthew was delivering the construction of hospitals and pharmaceutical research centres.
Gerry is CIT’s Compliance Officer and Money Laundering Reporting Officer and provides in-house legal and compliance support. In addition to an LL.B., he has an MA in Accountancy and Economics both from the University of Dundee and is a qualified solicitor, specialising in the law relating to asset management and investment funds, onshore and offshore. He has been a partner in a number of UK law firms such as Maclay Murray & Spens and has held senior business, legal and compliance positions in global financial institutions, including Lazard, Franklin Templeton and JP Morgan.
Renford joined CIT in March 2017. During his time here he has been a development manager on Lancer Square (Mixed use – super prime residential, office and retail) and Regents Crescent (Super prime residential). Initially Renford focused more on Lancer Square up to agreement of the final contract price and then moved onto Regents Crescent for the delivery and sales stage of London’s only Grade I listed New Build residential project.
Renford’s duties start with site acquisition and establishment of a development proposal, progressing through to obtaining planning consent and overseeing the production of the detailed design and procurement and finally assisting in the sales and disposal of the completed asset. Renford also has direct experience of third party negotiations, compliance and delivery.
He manages all stages of the development process and with his background in urban engineering, he oversees specialist engineering and infrastructure throughout our portfolio.
He is a Chartered Engineer and Member of CIBSE. Renford is also a member of the Advisory Group for The Digital Catapult, the Building Data Exchange platform and on the Committee for the Build2Perform conference.
Georgia is the lead on marketing for all of CIT’s residential and commercial developments, having launched Regent’s Crescent and Lancer Square.
She joined CIT in August 2017 bringing with her four years’ experience delivering marketing campaigns for retail development projects at Westfield shopping centres in Australia.
She has worked across many sectors with major global brands spanning the fashion, food and lifestyle industries. She has a Masters in Business and a Bachelor in Creative Industries from the Queensland University of Technology.
Henry joins CIT following a six year tenure at Savills in the London Residential Development Team, focusing on Prime Central London. He is responsible for sales and marketing of CIT’s residential projects.
During his time at Savills, Henry was involved throughout the development process of many Central London schemes, including the delivery of a successful sales programme of over 700 units at Ballymore’s Embassy Gardens.
Klaudia is responsible for management accounting and financial reporting as well as managing day to day operations of the finance department. Prior to joining CIT in August 2018 she worked at fin-tech company Demica, and prior to that the restructuring and investment firm, Gordon Brothers. Her career to date has spanned various finance roles in wealth management.
Klaudia is an ACCA qualified accountant with a Masters in Economics from the University of Economics in Bratislava, Slovakia.
Vasileios (Billy) joined CIT in September 2019 as an analyst. Within his role, Billy is responsible for exploring the viability of our new acquisitions, providing cashflow and scenario analysis, as well as reporting on our existing portfolio. Before joining CIT Billy was at Fora as an analyst, where he was responsible for sourcing, analysing and executing new deals, including freehold, leasehold and management agreements. Additionally, he was responsible for market analysis and business development. Billy has previous experience working as an analyst in both the finance and hospitality sectors.
Billy holds a MSc in Investments from the University of Aberdeen with first class honours.
Joseph joined CIT in November 2019 as an analyst. In his position, Joe is responsible for analysing and underwriting new and existing projects as well as debt raising and investor reporting. Previously, Joe was a Senior Associate at Deloitte within the analytics and modelling team where he provided a range of advisory services to the banking and structured finance industry, including transactions, valuation opinions and financial modelling. Joe graduated from the University of London, Queen Mary with an MSc Finance & Law.
Fergus started at CIT in March 2017 as a recent physics graduate from the University of Manchester. Currently, Fergus is an ACCA trainee looking to become a member by 2020.
Fergus is responsible for assisting with day to day operations of the accounts team and financial accounting procedures and plays an important role assisting on the financials of current developments.
Our experienced, London-based Development Team is leading some of the most exciting Projects in the capital.
We are adept at unlocking the potential of difficult sites. We deliver in many ways – through a new or enhanced planning permission, a change of use, a new building or a refurbishment project. Often it is a combination of them all.
We believe there’s no substitute for experience when it comes to development. It’s down to our local knowledge that we’ve managed to obtain planning consents for over 7 million sq ft of new development across London.
We’re the development partner of choice for a broad range of global investors. We pride ourselves on consistently delivering complex schemes on time and on budget from previous landmark schemes like City Hall to current flagships such as South Bank Tower and 50 St Edmund’s Terrace. We are currently delivering circa £2 billion of development projects across London.
CIT is a value-added and opportunistic real estate investor. Our Investment Team has executed various strategies across the UK and Europe and continues to search for opportunities to outperform.
Since 1995, we’ve acquired around 150 properties, and our portfolio has ranged from office buildings and shopping centres to hotels and nursing homes, and has included over €525 million of investments on the Continent.
We see asset management as a creative industry, and we work hard to add value through intelligent and intensive asset management. Our strategy relies on attracting the best talent to the right opportunities.