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 project with plans to create 51 residential apartments as well as retail and office space.
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.
Plans include to turn this site into 76 residences. Completion is expected in 2019.
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.
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 Executive 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.
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.
Chris heads up our real estate asset management function, and is responsible for a broad portfolio spanning London, the UK and Europe.
He joined us in 1999 from Drivers Jonas and Cluttons, where, he worked on asset management and valuation for a number of mixed-use portfolios on behalf of property companies and institutional investors.
Chris is a member of the Royal Institution of Chartered Surveyors (MRICS), and has over 20 years of real estate experience.
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
Tom joined CIT from real estate consultancy King Sturge in 2010, where he advised public and private sector clients on structuring and viability of development and investment opportunities across the UK.
At CIT, he focuses on the analysis and underwriting of new and existing projects, and leads a team of analysts to provide in-house cashflow modelling, analysis and investor reporting. Tom holds an MA in Mathematics from the University of Cambridge and is an Approved Person under FCA regulations.
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.
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.
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.
Matthew has a strong focus on the delivery side of projects and previously worked as a Project Manager for Rise. He has recently completed South Bank Tower project and is focusing on delivering Park Crescent West.
Prior to Rise, Matthew worked with MACE project management on the British Museum, The Savoy Hotel, and Park House projects.
He trained with AMEC Construction and has a construction background.
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.
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).
Marketa focusses on the analysis and viability of new opportunities as well as ongoing financial modelling and investor reporting of our portfolio under management.
Prior to joining CIT in 2015, she worked at Fourth Street, a management consultancy specialising in destination development and placemaking. Marketa holds an MSc in Comparative Political Economy from the London School of Economics.
Craig manages the day to day operations of the Finance Department, including accounts receivable and accounts payable ledgers, payroll, preparing management accounts, the group VAT return and assisting the Financial Controller with the Financial Statements.
Prior to joining CIT in January 2016, Craig spent 7 years working in Higher Education, managing financial reporting and taxation processes and preparing statutory returns.
Craig is a member of the Association of Chartered Certified Accountants.
Libby joined CIT at the start of 2016, previously holding the role of administration assistant at the private equity advisory firm MVision. While running the reception, she also assists with various administrative duties for the Accounts and Developments Teams.
Libby completed her Executive PA Diploma at Oxford Media & Business School, and graduated with Distinction Honours in 2015.
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.