Investing with Discipline.
Building with Vision.
We are an FCA-regulated firm specializing in investing and debt restructuring. We deliver lasting value for investors.
Investing with Discipline.
Experience That Builds Confidence
Anacott Capital was founded by James Lapushner, who brings over 25 years of experience in real estate capital markets, private equity, and distressed debt.
Prior to founding Anacott, James led multi-billion-euro investment strategies at Morgan Stanley and Credit Suisse, where he built some of the most successful real estate businesses in Europe.
Prior to founding Anacott, James led multi-billion-euro investment strategies at Morgan Stanley and Credit Suisse, where he built some of the most successful real estate businesses in Europe.
Proven Track Record
€2bn equity invested, €12bn assets under management.
Institutional Expertise
Leadership roles at Morgan Stanley and Credit Suisse.
Strategic Value Creation
Established top-performing investment and loan origination businesses across Europe.
Eurotower, Frankfurt am Main
Acquisition price: €440 million (€7,900/sqm)
Tulipan Grupa
Highlights: Built and sold Mall of Split + residential projects
Sony Center, Berlin
Acquisition cost: €525 million (€4,500/sqm)
Apollo Capital
Focus: German residential PE opportunities
Queen Victoria Street
Redevelopment and restructuring of £120M debt with £81.4M DPO | Secured £90.5M new financing.
Berlin (Bornitzstr.)
Bought distressed €15M loan for €3.47M; 25% IRR exit
Trigon Office Building
Deal Size: €44M (22,189 sqm, 40% vacancy)
Hornbach Retail
Transaction Size: €48M
Saturn Frankfurt
Property Value: €37.7M
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Lloyds Chambers
Winner: 2019 CoStar Investment Deal of the Year
Goleon Portfolio
DPO: €36.5M (on €88M loan portion)
Lyran Holdings Portfolio
DPO: €7.5M
Goth Park
Asset Size: 41,870 sqm | Sale Price: €19.1M
NewCold
Loan: £26M (65% LTV, HSBC)
St Giles Square & Outernet (2017)
Loan: £445M term financing | Award: 2017 Real Estate Capital Financing Deal of the Year – Development
79 Royal Hospital Road, Chelsea
Yield: 6% | Projected IRR: 25%
Bourne Capital
Arranged and structured a £132MM term loan
St Giles Square & Outernet (2021)
Loan: £445M term financing
80 Dean Street, Soho
Yield: 6% | IRR: 25%
Conviction Where Others See Risk
We go where others don’t — unlocking value in overlooked assets through discipline, vision, and conviction.
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Partner Testimonials
Trusted by institutional investors and advisors across Europe.
"Working with Anacott was a game-changer. They didn't just facilitate a deal; they helped us craft the best deal we have ever done in Europe. Their expertise and dedication are second to none."
General Partner
Lloyd Chambers
"Anacott achieved what no one else could — raising capital for an illiquid asset and securing the full spectrum of capital that made Outernet a reality, from development and operating capital to venture and term facilities. James Lapushner is an exceptional talent."
General Partner
Outernet St Giles
"Anacott delivered the most competitive 10-year, interest-only financing for our complex operating business — a result no other firm could match."
General Partner
Bourne Capital
"Anacott was our best partner in Europe and turned Lloyds Chambers into our standout European deal."
General Partner
Lloyds Chambers
Transforming Real Estate for a Resilient Future
Discover how our conviction-led approach delivers sustainable value in a changing world.
Frequently Asked Questions
Common questions from capital partners and transaction professionals.
What is the “Powered Land Thesis”?
Powered Land & Onsite Energy Solutions: We identify and secure strategically located land parcels suited for industrial, data center, and renewable energy projects. All sites are vetted for accessibility, zoning, and long-term development potential.
What returns can investors expect?
Historically, we have delivered an average post-tax IRR of ~20% and achieved 2x return on equity across our projects. Our average hold period is around 4 years, from acquisition and repositioning to exit.
What type of investments does Anacott focus on?
We specialize in contrarian real estate and special situations — acquiring assets where others see risk, repositioning them, and generating sustainable long-term value.
What differentiates Anacott from traditional real estate investors?
Conviction. While most investors follow the crowd, we identify value in overlooked assets, execute full-cycle management, and leverage 25+ years of expertise.
Who are your typical capital partners?
Our partners are primarily institutional investors, including hedge funds and other sophisticated capital providers who can evaluate complex opportunities without bias.
Where does Anacott invest?
We invest across Europe, with a focus on the UK and Germany.
How large is your team?
Efficiency is our competitive edge. Anacott runs a lean core of senior principals and analysts and scales with specialist partners when needed. This structure shortens decision cycles and has delivered £20B+ of transactions and award‑winning results.