Delivering superior quality, enhancing returns

Capella Estates specialises in the redevelopment, refurbishment and asset management of commercial properties in Central London and across the UK. Our track record of enhancing returns encompasses office, industrial, leisure and mixed-use projects that have been financed independently or as joint ventures.

Whether it is development or strategic asset management, partnership is at the core of our approach and we would be pleased to discuss the potential for working with you.

Capella was established in 2007 and is run by Martin Steele and Nona Atoyan.

Martin Steele

Martin is the founding partner of Capella and has over 40 years of experience in the UK commercial property market. Martin is extensively experienced in the delivery and financing of property developments. He started his career at NatWest Bank where he was responsible for the management of the bank’s assets in the City and West End of London.

After joining Commercial Union Properties (later Morley Fund Management), he was responsible for overseeing the successful delivery, letting and disposal of more than 30 commercial development projects in the UK and continental Europe. The end values of these projects ranged from £10m to £150m.

Nona Atoyan

Nona joined Capella as a partner in 2021. Nona has 8 years of experience working in real estate development and investment in the USA, Hong Kong and the UK. She has acted as client on various commercial and residential schemes including complex single building developments and mixed-use projects. After starting her career as an In-House real estate lawyer in 2013 for a residential developer in the USA, Nona flourished as a development manager and was instrumental in successfully developing intricate central London office projects.

Nona is skilled at bringing people together within her network and making new connections to allow people to work together to add and create substantial value for the clients across the whole development life cycle. She is a proven team player with the ability to draw on wide range of resources and contacts. Nona is also conscientious, entrepreneurial, detail-oriented, and driven to succeed. She thrives in a dynamic and demanding environment that requires flexibility, the aptitude to quickly grasp complex issues, and the acumen and ability to apply new skills to reach successful outcomes.