Resolution Property plans £800m investment spree over next two years

Resolution Property, the pan-European real estate investor, is to invest up to £800m in assets across Europe over the next two years, targeting the UK, Netherlands, Germany and Poland.

The £800m acquisition plan for Resolution Property’s fourth fund is backed by investors ranging from global institutions to family offices from the USA, the Middle East and Europe.

In its latest transaction, Resolution Property has acquired the Designer Outlet Soltau, centrally located between Hamburg, Bremen and Hanover in Germany. Completed in 2012, the centre is let to more than 100 leading international and German designer brands.

In the next two years Resolution Property will target mixed-use city centre projects, shopping centres and outlet centres in major European cities, where hands-on asset management can release additional value. It will also target office and residential opportunities in London and the major UK cities, drawing on experience in creating inspiring workplaces and lifestyle destinations.

Since launching the Fund in 2013, Resolution has already invested in assets worth £310m. These include: Department W, a media centre and residential re-development opportunity near the future Whitechapel Crossrail station in London; the Great Northern Warehouse retail, leisure and entertainment centre in Manchester; and Poznan City Centre, the dominant retail centre in one of Poland’s biggest cities.

Robert Laurence, Chief Executive of Resolution Property, said: “We have already made significant strides in adding value to our latest Fund portfolio. The Designer Outlet Soltau is the fourth investment and joins Department W, Poznan City Centre and the Great Northern Warehouse to provide a strong and diverse portfolio of assets.

“As we progress the Fund’s investment programme we will be acquiring stock selectively from a full and interesting pipeline of opportunities.”

Resolution Property is proactively seeking opportunities in its target markets to continue its investment programme. Resolution Property’s proven asset management approach includes exploring opportunities for asset reconfiguration, extension, redevelopment, rebranding and re-engineering of the tenant line-up.

Illustrating its successful asset management approach, Resolution Property recently sold The Bonhill Building, Shoreditch, an asset in its third fund, to Legal & General for more than £62m. Resolution Property acquired the property in early 2012 and implemented an innovative remodelling and letting strategy.

posted on: Oct 21 2014 | posted by: admin