Friday, 1 August 2014
Queensgate Investments establishes strategic partnership with Peterson Group (EU)
Queensgate Investments LLP (“Queensgate”), a private equity real estate fund manager set up by Jason Kow and LJ Group, has secured a strategic investment from Peterson Group, into a new fund, Queensgate Investments Fund II.
QIF II is a pan-European real estate fund that will focus on assets which provide predictable income and multiple value-add opportunities. Queensgate will work with Peterson Group to develop and advise QIF II.
Queensgate manages around £850 million (approx. €1 billion) of assets, including the development by the O2 arena on London’s Greenwich Peninsula of the 452-bed The InterContinental London, The O2 Hotel and adjoining conference center, which will be Europe’s largest, and more than 140 apartments.
Jason Kow, Chief Executive of Queensgate, said: “Partnering with a flexible, nimble and long-term investor, like Peterson, is a strategic move for Queensgate not only in terms of greater equity firepower but also the ability to acquire larger and more exciting opportunities”.