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 owned and run by Directors, Andrew McLean and Martin Steele, who between them have 50 years of experience in the UK commercial property market. Prior to establishing Capella, Andrew and Martin worked closely together on a wide range of projects over a 10 year period.

Andrew McLean BSc (Hons) MRICS
Andrew McLean

Andrew McLean BSc (Hons) MRICSThroughout his career, Andrew has specialised in commercial property development and asset management, in particular the financing of development projects, through both traditional institutional funding, structured finance and joint venture routes.

He has worked with a wide range of development companies, UK institutions and private equity funds including amongst others, Morley Property Developments Limited, Rockspring, Morley Pooled Pensions, Quintain, GE Real Estate, Albion Land and Norwich Union Life & Pensions. End values of schemes with which he has been involved range from £5m - £60m and encompass the commercial, industrial, retail and leisure sectors.

Andrew started his working life in 1988 with Morgan Grenfell. Working in the bank’s commercial property subsidiary, Morgan Grenfell Laurie, he trained in corporate advisory work and all aspects of commercial property investment and development agency.

He joined chartered surveyors, Barnett Baker & Co, in the early 1990s, and became an equity partner in 1995. In 2000 he established Baker Pugh McLean, running the practice for seven years during which it developed into a highly successful agency business.


Martin Steele BSc (Hons) FRICS
Martin Steele

Martin Steele BSc (Hons) FRICS Martin Steele 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 £125m.

In 2004, Martin set up Blenheim House Developments, where as Managing Director he successfully completed a number of commercial and residential projects before forming Capella with Andrew McLean.