C2 Capital was established as a property investment company in 2009, a joint venture between Julian Carey and the Ellis Campbell Group.

At a time of huge economic uncertainty, Julian identified a way to guarantee forced sellers certainty on both the timing and pricing of sale in advance of going to market, whilst not taking away their ability to maximise their revenues through a timely and structured sale process. With the backing of the Ellis Campbell Group, C2 Capital’s first co-mingled underwriting fund was launched in February 2010, and it was followed up with a second underwriting fund in September 2012.

At the same time the Company started to acquire and manage assets directly on behalf of its private clients, designing investment strategies across the risk spectrum for pension funds and charitable foundations through to opportunistic capital growth and development plays. The Company also inherited the management of existing portfolios, working with their Clients to restructure them and reinvest the proceeds into assets with longer term growth prospects.

In 2015 C2 Capital launched Industrials.co.uk, a joint venture between Clients of C2 Capital and Morgan Stanley Real Estate Investing.

Specialising in multi-let industrial property, Industrials.co.uk acquired its first four industrials estates in January 2015. Over the course of the next 15 months, and utilising C2 Capital’s extensive network of regional contacts, the JV acquired a further 19 industrial estates totalling 1.7m sq. ft with a combined value of c. £100m. Externally managed by C2 Capital, Industrials.co.uk is targeting further growth in its asset base to £500m over a 3-5 year time frame, recognising the rental and capital growth potential offered by this unique asset class.

Image of Industrials.co.uk logo

As a result of the above activity it became clear in 2015 that C2 Capital required independent ownership, and so in August of that year Julian Carey acquired the Ellis Campbell Group’s stake in the Company. C2 Capital continue to manage all of the Ellis Campbell Group’s commercial assets and they remain a hugely important Client and contributory part of the Company’s history.

About C2 Capital Property Investment Company - Property Underwriting Image


Underwriting provides sellers of property with 100% certainty on the timing and minimum pricing of disposals in advance to going to market. C2 Capital launched the UK’s first dedicated underwriting funds specialising in this innovative sales structure.

Direct Investment

Investing on behalf of our private and institutional clients, C2 Capital acquires and manages properties across the UK and Ireland using our expansive network of local and regional contacts.

Multi-let Industrial

In January 2015, C2 Capital launched Industrials.co.uk in partnership with Morgan Stanley Real Estate Investing, a new property company focusing on acquiring good quality multi-let industrial investments with a targeted and intensive asset management philosophy.

We have known the C2 Capital Team, backed by Morgan Stanley RE, since 2014 and have already developed a very good working relationship. They are a well regarded, core client of the Bank who display sound judgement and professionalism in their property and financial dealings. Their approach to the property investment due diligence process and their ability to “add value” on portfolio acquisitions underlines a real attention to detail and strong capabilities. We very much look forward to further developing our valued relationship with the C2 Team.

Philip BurrellDirector
Nat West

Working for C2 in a regulatory capacity since the launch of their first fund in 2010 has been a very positive and enjoyable experience for us at Marick Capital. We have always been impressed by the professionalism of Julian Carey and his colleagues, and we know that investors have been attracted to the company by their innovative investment strategies and their application of value enhancing real estate management initiatives.

Fiona CunninghamHead of FCA Services
Marick Capital Ltd

As a fifth generation family office, our top priority was to find a trusted partner who understood our investment strategy and our family office ethos: we have found this with C2 Capital who have been successfully sourcing new investment opportunities and asset managing our commercial portfolio for us for the past five years. C2 Capital knows how important it is to listen to the client and work collaboratively with them but equally importantly has an extremely good handle on the market: our investments to date have produced returns way exceeding our expectations and the market.

Laura MontgomeryManaging Director
The Ellis Campbell Group
Retail Exterior of 98 High Street Sevenoaks C2 Capital Retail and Residential investment

98 High Street – Sevenoaks


C2 Capital Cherwell Point Telford Industrial Investment

Cherwell Point -Telford


C2 Capital Residential Investment 214 Iffley Road Oxford exterior

Iffley Road – Oxford


Ungeared IRR: 85.9%.