Stonehouse Projects Limited announces the formation of a joint venture with international investment group LSG Holdings with the aim of expanding its operations in the property development market.
LSG Holdings is a UK based single family office active in direct investments across real estate, private equity, and venture capital both in the UK and internationally. LSG has a history of backing successful SMEs and management teams in the Yorkshire region.
Following the completion of the deal, the Stonehouse team will be working alongside LSG’s MD Patrick Leoni Sceti to further strengthen the existing business and develop the group’s property investment and development arm. The Stonehouse brand will be retained going forward.
Commenting on the deal, Steve Waugh, Managing Director of Stonehouse Projects Limited said: “This is an exciting time for us all. Having worked with Patrick on many refurbishments and the hugely successful, award-winning development of the former birthplace of Joseph Rowntree, it was evident from the start that we had the same appetite for sourcing, developing, and delivering exceptional projects. The timely coming together of LSG Holdings and their unrivalled financial know-how together with their experience in backing successful SMEs combined with the knowledge and expertise of the Stonehouse team has given us a winning formula. By pulling on multiple years of well-honed skills and proficiencies across the group we can offer something quite unique”.
Adding to this from LSG, Patrick stated: “this joint venture strengthens LSG with an entrepreneurial founder backed by a strong team with a proven track record and a deep understanding of the refurbishment market. Financial know-how and the resources necessary to deploy this skill set on owned investment property is a formula that is an exciting blend of our collective knowledge and expertise. Having been clients of Stonehouse for a number of years we are very excited at the opportunity of taking this partnership to the next level”.