Queensgate Lands Peterson BackingCostar
CoStar: Paul Norman: 1 August 2014 Queensgate Investments, the private equity real estate fund manager set up by Jason Kow and LJ Group, has secured a strategic investment from Peterson Group, a Hong Kong-based real estate group, into a new fund, Queensgate Investments Fund II.
QIF II is set up as a pan-European real estate fund that will focus on assets which provide predictable income and multiple value-add opportunities.
It also complements and supplements the equity in Queensgate Investments Fund I, a pan-European real estate fund which is also exclusively advised by Queensgate.
Queensgate will work with Peterson Group to develop and advise QIF II. Queensgate has secured a first close for QIF II.
Queensgate manages around £850m 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 centre, which will be Europe’s largest, and more than 140 apartments.