Precede Capital Partners, the B Corp-certified real estate credit asset management platform, today announces the appointment of John Gellatly as Non-executive Chairman. John succeeds Nigel Webb, who served as interim Chairman following the passing of Frank Strauss in May 2024.

With over four decades of experience in the real estate sector and wider investment markets, John brings a wealth of knowledge and expertise to the role having held senior global real estate investment roles with leading investment firms, including BlackRock, Aviva Investors and, most recently, the Abu Dhabi Investment Council. An Eminent Fellow of the Royal Institute of Chartered Surveyors, John has also served on advisory panels for the Bank of England and the Property Industry Alliance.

John’s considerable experience in real estate investment, governance and strategic fundraising, combined with his extensive network of international industry contacts, will support Precede Capital’s specialist team as it continues to source, underwrite, structure and manage large-scale loans for major real estate projects. Since its launch in March 2021, Precede Capital has originated and arranged development and bridging loans totalling £2 billion and delivering over 4,000 new homes to the UK.

Commenting on the appointment, Randeesh Sandhu, CEO and co-founder of Precede Capital, said: “John’s record speaks for itself, and we are thrilled to welcome him as Chairman. His appointment marks a significant milestone in our growth journey and reinforces our commitment to strong board oversight. We are on track to execute several major loans in the coming months, and John’s expertise and guidance will be invaluable as we navigate this busy period.

“I would also like to thank Nigel for his service as interim Chairman. Frank Strauss’ tragic passing was a profoundly difficult time for us all, and Nigel’s empathetic leadership and thoughtful counsel over the past year has been hugely important as we moved forward as a business.”

John Gellatly, Chairman of Precede Capital, added: “I am delighted to join Precede Capital at what is an exciting time for the firm. The team’s track record of consistently generating strong, risk-adjusted returns is outstanding, and the platform’s uniquely purpose-driven approach to lending gives us a competitive edge in an increasingly crowded market. An uptick in new development starts and sustained demand for the suite of real estate financing solutions provided by Precede leaves us in a strong position to grow.”