AshbyCapital

What AshbyCapital does

AshbyCapital is a UK private equity real estate firm, founded in 2013 and headquartered at 1 St Vincent Street, London, that acquires, develops, and manages design-led, tech-enabled, and sustainability-focused commercial office properties in prime UK locations including central London, Birmingham, and Slough. The portfolio comprises roughly nine named assets — notably 55 Old Broad Street (a £600m GDV, 23-storey City of London development under construction with Skanska), The Kensington Building (BREEAM 'Excellent', BCO Award winner 2023), KOVA KX (a 70,000 sq ft life sciences development in King's Cross pre-let to LifeArc), Fitzroy Place (mixed-use, Fitzrovia), The Future Works (Slough), One Bartholomew, The JJ Mack Building, The Avenue, and The Colmore Building (sold to Blackstone in 2022 for £182m). The firm has expanded into life sciences (KOVA KX), hospitality/wellness (Maslow's Kensington members' house), and lending (the Ashby Capital Debt Platform via Desert View Ltd), and targets BREEAM Outstanding, NABERS 5-star, and EPC A ratings across its pipeline.

The firm's go-to-market is direct, sales-led private equity: it engages with institutional occupiers, development managers (Landsec, Native Land, Aviva), construction partners (Skanska), co-investors (Montrose Land, Native Land), and technology partners (Smart Spaces for tenant apps; Bueno Analytics for portfolio-wide building optimisation). Revenue is generated through rental income from enterprise occupiers (financial services, insurance, legal, technology, life sciences), capital appreciation on asset sales and exits, development management fees from retained roles (e.g., at 55 Old Broad Street), and lending income via the debt platform — making it a hybrid equity/operating/credit real estate franchise rather than a pure landlord.

Name

AshbyCapital

Legal name

Ashby Capital LLP

Website

https://ashbycapital.com

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

AshbyCapital is a London-based private equity real estate firm that acquires, develops, and manages design-led, sustainable commercial office properties across prime UK locations for enterprise occupiers, life sciences tenants, and co-investment partners.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Other Real Estate Property (53119), Corporate, Subsidiary, and Regional Managing Offices (551114)

SIC

Operators Of Nonresidential Buildings (6512), Lessors Of Real Property, Nec (6519), Real Estate (6500)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industries

Property Management Advisory & Leasing Administration (FSAEAJAN), Building Automation & Controls (BAS/BMS) Contracting (IMAFALAE)

Keywords

• Commercial real estate
• Private equity real estate
• Office property development
• Real estate investment
• Commercial property management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Real Estate Investment and Development Returns: AshbyCapital acquires, develops, and manages commercial real estate assets in the UK. Revenue is generated through rental income from occupiers, capital appreciation on asset sales, and development management fees from retained roles such as at 55 Old Broad Street.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

AshbyCapital is a private equity real estate firm that acquires, develops, and manages commercial office properties across the UK, primarily in prime central London and key regional cities including Birmingham and Slough. The firm focuses on design-led, tech-enabled, sustainable workplaces built around four pillars: lifestyle, smart technology, sustainability, and thoughtful design.

Product overview

AshbyCapital is a private equity real estate firm that creates innovative and extraordinary places of work across the UK. The company operates as a unified platform of commercial office developments and financial services. Its core portfolio includes flagship office buildings such as 55 Old Broad Street, The Kensington Building, KOVA KX, Fitzroy Place, The Future Works, The Avenue, The JJ Mack Building, One Bartholomew, The Colmore Building, and 200 Aldersgate. These buildings share common design principles around lifestyle, technology, sustainability, and thoughtful design. Supporting services include Maslow's Kensington (wellbeing-focused members' house workspace), The Kensington Arcade (retail), and the Ashby Capital Debt Platform for lending activities. The company focuses on design-led, tech-enabled, sustainable office spaces with comprehensive amenities.

Differentiator

Problem solved

Functional benefit

Products and services

• 55 Old Broad Street A 23-storey commercial office development near Liverpool Street Station in London's financial district, delivering approximately 270,000 sq ft of workspace and 15,000 sq ft of retail/public realm areas.
• KOVA KX A 70,000 sq ft life sciences development at 105 Judd Street in King's Cross, developed in partnership with Native Land, featuring Containment Level 2 wet laboratory facilities and targeting BREEAM Outstanding, NABERS 4.5*, and EPC A ratings.
• The Kensington Building A new headquarters office building next to High Street Kensington tube station, achieving BREEAM 'Excellent' rating, developed in partnership with Janson Urban.
• Fitzroy Place A contemporary mixed-use development in Fitzrovia comprising 300 homes, 252,000 sq ft of high-quality office space, 20,000 sq ft of shops and restaurants, a club lounge and gym, healthcare unit, and the Grade II listed Fitzrovia Chapel.
• The Future Works A 100,000 sq ft premium office building over eight floors in Slough, Berkshire, featuring stunning west-facing roof terraces with views of Windsor Castle, developed in partnership with U+I.
• The Avenue An office and retail building on Tottenham Court Road in London, featuring amenities including free Brompton bikes for occupiers, high-end changing rooms, tool station for bike maintenance, and individual drying lockers.
• The JJ Mack Building A commercial office building in the Smithfield Market area of London, described as the UK's most sustainable building with an unprecedented BREEAM score of 96.4%.
• One Bartholomew 215,000 sq ft of Grade A office space in the City of London, supported by Barts Square — a new neighbourhood with 236 high-quality apartments and 20,000 sq ft of retail space.
• Maslow's Kensington A 30,000 sq ft members' house within The Kensington Building, offering hospitality-led workspace, private studies, collaborative lounges, meeting rooms, studio & gym, nutrition-led café (Oria), and wellbeing programming including reformer Pilates, strength training, breathwork, and sound healing.
• Ashby Capital Debt Platform A lending/debt platform where Ashby Capital LLP acts as investment advisor to Desert View Ltd (incorporated in Jersey) and its subsidiary companies, providing loans for real estate activities.

Quantifiable outcome

• 55 Old Broad Street targeting NABERS five-star and BREEAM Outstanding sustainability certifications
• +4 more outcomes

Named customers23 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• LandseccoreStrategic or Co-development Partner · 29 June 2026Landsec sold its 55 Old Broad Street office development to AshbyCapital for £63 million and retained a role as development manager for the £600 million development project, receiving a development management fee and performance-related payments.
• Maslow'scoreChannel Partner/ Reseller/ Distributor · 6 August 2025Maslow's, the luxury lifestyle and hospitality workspace collection, signed an agreement to open a 30,000 sq ft members' house on the ground and first floors of The Kensington Building, creating a wellness-integrated workspace destination.
• Native LandcoreStrategic or Co-development Partner · 28 May 2025AshbyCapital and Native Land are co-investors and development partners on Kova KX, the 70,000 sq ft life sciences development at 105 Judd Street in King's Cross. Native Land acts as development manager. The partnership pre-let the entire building to LifeArc in 2025.
• McLaughlin & HarveyminorImplementation/ SI/ Consulting Partner · 28 May 2025Main contractor for the Kova KX development in King's Cross. Appointed to build out the major refurbishment and two-storey extension of the Edwardian building at 105 Judd Street.
• Bueno AnalyticscoreTechnology or Integration · 21 November 2024Strategic partnership to enhance operational efficiency and long-term sustainability across AshbyCapital's office portfolio. Bueno Analytics provides advanced building optimization, fault detection, and energy efficiency insights through its analytics platform.
• Montrose LandcoreStrategic or Co-development Partner · 26 January 2021Joint venture between Montrose Land and AshbyCapital acquired 105 Judd Street, WC1 for comprehensive refurbishment to create an innovative office development primarily aimed at life sciences. Montrose Land subsequently brought Native Land on as development manager.
• OregaminorChannel Partner/ Reseller/ Distributor · 17 October 2018Orega operates co-working and serviced office space at The Colmore Building in Birmingham, including a ground-floor co-working area and 17,000 sq ft of serviced office space on the mezzanine floor, in partnership with AshbyCapital.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Landsec: UK's largest listed commercial property company with a substantial London office portfolio. Broad incumbent — sold 55 Old Broad Street to AshbyCapital for £63m and was retained as development manager, illustrating overlapping capability in major City office schemes.
• Canary Wharf Group: Major owner, developer, and manager of commercial office space in London's secondary central business district. Broad incumbent — competes in London Grade A office supply with emphasis on sustainability and smart building credentials.
• British Land: Major UK REIT with significant central London office exposure alongside retail and lab space. Broad incumbent — competes broadly in the same UK commercial real estate market and is targeting similar sustainability/lab repositioning themes.

Direct peers

• Stanhope: Private London-focused commercial developer with a track record in large mixed-use and office schemes. Direct peer — comparable scale and focus on design-led, complex central London office developments with similar institutional occupier base.
• Helical plc: London-listed office developer and landlord focused on design-led, sustainable commercial office space in central London. Direct peer — partnered with AshbyCapital on The JJ Mack Building and operates in the same prime office niche with similar sustainability positioning.
• Derwent London: London-listed REIT focused on design-led, creative office space in central London. Direct peer — closely aligned philosophy of design-led, sustainable, amenity-rich office product in West End and City fringe submarkets, with similar premium tenant mix.
• Great Portland Estates: London-listed REIT specialising in prime central London office and mixed-use developments with design-led repositioning. Direct peer — comparable focus on high-quality, well-located office product and similar tenant profile of professional and financial services firms.
• Native Land: London-based residential and mixed-use developer acting as development manager on AshbyCapital's KOVA KX life sciences project. Direct peer — co-investor with overlapping approach to high-quality, design-led London real estate development.

Emerging players

• Clearbell Capital: UK private real estate fund manager focused on office, industrial, and PRS assets. Emerging player — operates in the same UK PE real estate space with comparable fund structures and direct investment approach, though at different scale.

Regional players

• Bruntwood: UK regional office developer and operator focused on Manchester, Birmingham, Leeds and Liverpool. Regional player — competes with AshbyCapital's Birmingham office (The Colmore Building was sold to Blackstone but typifies the regional UK office opportunity).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/ashbycapital

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AshbyCapital