Quinlan Private

Headnote

The Dublin-based investment group, led by Derek Quinlan, is expanding its hotel business and, with its US partner, developing a series of leisure and mixed-use projects across CEE

Quinlan Private is aptly named, because the Dublin-based international private equity and property investment group rarely grants interviews. It manages eiibn of assets in a variety of funds and joint ventures, and is headed by former tax inspector Derek Quinlan.

Last month, the Irish financier engaged investment bank Lazard to look at how he could expand the London-based Mayboume Hotel Group that he controls. The luxury hotel group owns and manages top London hotels the Berkeley, Claridge's and the Connaught. Options include taking on new funding partners or a stock market listing, in spite of the global credit crisis, and moving into cities such as Dubai, Moscow, New York and Paris.

Quinlan has also continued to press ahead with a range of developments across central and eastern Europe, and is looking to raise euro40111 to help fund the development of a property portfolio in the Czech Republic and Slovakia comprising six mixed-use projects with a gross development cost of euro400m. The equity component is euro80m, half of which has already been raised from institutional investors.

About euro32om is being...