Robert Wolstenholme has left the partnership of Resolution Real Estate Advisers and is in discussions to start a business backed by Hong Kong investor Peterson Group.
Wolstenholme had been at Resolution since 2002 and was central to some of its most well-known projects, such as Alphabeta, EC2; Ampersand, W1; and the Great Northern Warehouse in Manchester. He will continue as a consultant for Resolution.
He said: “The past 12 years at Resolution have provided me with tremendous experience. Looking forward, I am excited by the opportunity to focus my energies on assets in London and the UK’s other key city centres. I continue to value my relationship with Resolution greatly.”
Resolution is in discussions with Chinese conglomerate Fosun to sell a stake in the business in a deal that would also see it invest in its future funds, although Wolstenholme’s move is understood to be unrelated to the corporate deal.
The fund manager raised £300m for its fourth opportunity fund in October.
Robert Laurence, Resolution’s chief executive, said: “[Wolstenholme] has played an important role in progressing the firm’s UK investment and asset management programme. We wish Robert every success in his future ventures.”
Peterson Group owns office, leisure and residential assets in Hong Kong and Canada and entered the UK market in 2013. It is Resolution’s joint venture partner on the Ampersand building at 180 Wardour Street as well as the Great Northern Warehouse.
In addition to its tie-ups with Resolution, in the UK Peterson Group has partnered with two companies backed by Hong Kong multi-family office LJ Group.
Peterson owns a stake in Greenwich Square, SE10, alongside Hadley Property Group, as well as a stake in Executive Office Group alongside Queensgate Investments.
Peterson is also an investor in Queensgate’s latest £1.5bn investment vehicle.
