Our People

Forward thinking and entrepreneurial UK property specialists


George Capital was established in 2014 by Ben Young who has been working in property for more than 20 years. He worked for British Land plc, one of the UK’s largest property companies, followed by Delancey, a large private equity real estate fund manager with funds under management in excess of £1bn.

Ben identified an opportunity to buy smaller lot sizes outside London between £5m (too big for most auction buyers) and £20m (too small for most funds). A potential arbitrage exists between the cost to purchase the properties on a deal by deal basis (less competition in the market) and the value of the properties once a portfolio of scale has been achieved (large pools of capital chasing scale).


Years of Experience


Target IRR


Property Level IRR achieved on sales from GCAP 1

The Management Team

Ben Young

Ben Young

Ben Young is a chartered surveyor who began his commercial property career in 1995.

After 9 years at British Land, where he was a director in the investment team, he moved to a senior role at Delancey. Ben was recruited by Jamie Ritblat (joint Chairman and CEO of Delancey) to drive acquisitions for the DV4 fund.

Ben has led a number of successful transactions, totalling billions of pounds, including the £40m acquisition for British Land of 39 Victoria Street SW1, which was sold for £140m, and the acquisition of Minerva (a £1.1bn publicly listed property company) for Delancey, which has also realised exceptional returns.

DDI: +44(0) 207 487 9635
Tim Willis

Tim Willis

Tim is responsible for corporate and regulatory matters.

Tim was formerly an investment banker with Merrill Lynch and Arbuthnot Banking Group, and has considerable experience in the real estate sector.

He is an FCA approved executive and is also responsible for GCAP’s regulatory and compliance matters.

Lance Allen

Lance Allen

Lance is an acquisitions analyst, experienced in deal sourcing, analysing investments, building financial models, due diligence and fundraising.

Lance was previously an Assistant Portfolio Manager at Waverton Investment Management and has Chartered Financial Analyst Level i (CFA) and Investment Management Certificate (IMC) qualifications.

DDI: +44(0) 207 487 9634

Investment Commitee

Robbie Rayne

Robbie was Chief Executive of London Merchant Securities plc and then Chairman of Derwent London plc until 2019. During his career he has backed a number of successful real estate businesses and funds, including Urbanfirst, Brockton Capital, Voreda; and most recently George Capital.

Bob Bowden

Bob was Head of Property at British Land plc. He currently has non-executive roles with the Duke of Buccleuch’s estate, and Delancey.

Rod Pearson

Rod has spent over 30 years in senior roles in public and private companies, including Greycoat plc and Raglan Trust plc. In recent years he built up Urbanfirst, a private property company specializing in the acquisition and management of shopping centres, which he sold successfully in 2006.

Nick Friedlos

Nick was Chief Financial Officer of London Merchant Securities plc and worked closely with Robbie Rayne on the development of the business and the successful merger with Derwent Valley Holding plc to create Derwent London plc. Nick is Managing Director of LMS Capital plc.