Hong Kong-based real estate group Peterson has awarded an investment mandate to Jason Kow’s and LJ Group’s Queensgate Investments.
Peterson Group has signed up to back Queensgate Investments Fund II, a pan-European vehicle targeting secure income and value-add opportunities.
QIF II will invest alongside Queensgate Investments Fund I.
The combined funds manage around £850m of assets, including a 452-bed hotel development at the O2 on Greenwich Peninsula.
Queensgate also controls Executive Offices Group.
Kow said: “Partnering with a flexible, nimble, 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.”
Peterson made its UK debut in March last year with a forward funding deal for the Ampersand development in the West End.
The Queensgate tie-up is the second time it has worked with global multi-family office LJ Group, investing £100m in London residential developer Hadley Property Group via a joint venture.
Its European real estate investments are managed by Tony Yeung, who spoke exclusively to Estates Gazette last year.
jack.sidders@estatesgazette.com
