Tunstall and Starwood acquire Pinnacle Group
Tunstall Real Estate Asset Management, a newly formed pan-European alternative investment management firm, and Starwood Capital Group have formed a 50/50 joint venture to acquire Pinnacle Group. Terms of the transaction were not disclosed.
Pinnacle is focused on housing-led regeneration projects across the United Kingdom in partnership with the public sector. The company specializes in a long-term, integrated approach to successful regeneration that combines investment in master-planning and place making with seamless neighborhood services.
Tunstall and Starwood Capital have identified a significant opportunity to leverage the existing Pinnacle platform by providing substantial capital resources that will allow the company to invest in and deliver large-scale regeneration projects — a compelling growth sector in the U.K. real estate market. The existing senior management team will remain in place and has demonstrated its commitment to the transaction by investing alongside Tunstall and Starwood.