Mr Ritblat has spent over sixteen years in the UK commercial property industry and has gained extensive experience across a wide and varied range of disciplines. In 1995, he founded Freehold Portfolios Estates Limited, a UK property consultancy business which advised companies on investment strategy, acquisitions and disposals and property financing. In 1998, he sold Freehold Portfolios Estates Limited to Delancey Estates plc, which was then listed on the London Stock Exchange and was appointed managing director. In under four years, Mr Ritblat has built Delancey into an innovative and entrepreneurial property group with gross assets under management of approximately £700 million. The group's growth is attributable to corporate acquisitions, strategic commercial property investments, prudent gearing, the formation of astute joint ventures and partnerships, and a profitable development programme encompassing predominantly retail and Central London office assets.

In addition,Mr Ritblat has led a number of major transactions including the £170m agreed takeover of Milner Estates plc, and, together with Fortress Investment Group and Soros Real Estate Partners, the Company's investment in Mapeley.

In May 2001 Mr Ritblat led the £274 million MBO of Delancey by Tribeca UK plc, to take the company private.