From a desk on Wyndham Street in 1959 to today, Peterson Group is a family office with a real estate focus. Our business model is built upon our Core Values of Integrity, Gratitude, Relationship and Entrepreneurship. Our vision is to create a sustainable model for generations to come with a focus on the sustainability of the family, business and community.
Peterson Group started as a humble trading firm in Hong Kong and transformed into a family enterprise which manages a global real estate portfolio covering major geographic regions and asset types, as well as a family office investing in a multi-asset class strategy.
Core Values
History
Founding of Peterson Group, 1950s
Mr Young Pui Kam, Peter together with his wife leased an office desk on 19 Wyndham Street from his friend and established PJ Young & Co in May of 1959. The business scope at the time focused on garment and embroidery trading.
Real Estate, 1970s
Franco Yeung, the eldest son of Peter, entered the business at an early age and assisted Peter growing the trading business. Peter retired in the early 1970’s immigrating to Vancouver joining his younger son while Franco assumed the company’s leadership expanding into real estate investments in Hong Kong.
In the same decade, Peterson BC, was established in Vancouver by Benjamin Yeung, the younger brother of Franco Yeung, expanding the Group’s real estate business footprint in Canada.
In the 1980s, the Group completed Winland Building in Yuen Long, its first residential development.
Over the subsequent years, the Group entered into numerous successful partnerships with different blue-chip developers in the Hong Kong, delivering a variety of notable residential and mix use schemes.
China, 1990s
In the 1990s, the Group saw the vast opportunity of China’s growth. The Group evolved from simple trading business to investing into various manufacturing and retail businesses, mainly in Shandong Province where the family originated.
Some of the Group’s early notable investments including pre-IPO investment in Weichai Power Limited (HKSE stock code 2338) Shangdong Xin Immense Brewery Company Limited.
Hospitality, 2000’s
As China’s economy steered into an unprecedented growth phase, the Group determined that there would be a significant need to service a growth in China’s middle class and decided to begin development of two hotels in Hong Kong in the early 2000s. Hotel LKF was completed in 2007 and was one of the first boutique hotels in Hong Kong.
In 2008, the Group completed Hotel Panorama in Tsim Sha Tsui. The hotel underwent an extensive refurbishment during COVID and has now been rebranded as the Mondrian Hong Kong.
Global Expansion, 2010’s
In 2012, Peterson Group embarked on a global expansion journey and expanded its real estate footprint to the United Kingdom with the investment in Ampersand, a mixed-use development in central London. London has become the third core market for the firm after Hong Kong and Vancouver.
Since then, the Group has expanded its global presence, investing in residential and commercial real estate, in Australia, Japan, the United Kingdom, Germany and the United States.
Family Office 2012
As the business grew, the Group decided to exit the Chinese businesses and use the proceeds to establish its family office. The aim of the family office was to create a business unit that would invest and diversify the family portfolio to other opportunities apart from real estate.
The family office was originally named Peterson Capital, but was subsequently changed to Wyndham Capital Management Limited after it obtained its SFC license entity in 2016. The name was chosen as a tribute to the fact that the Group’s office has been located around Wyndham Street for over 6 decades.