Tuesday, 21 October 2014
Resolution Property confirms plan to grow approx. €1 billion pan-European portfolio (EU)
Resolution Property, the pan-European real estate investor, is to invest up to £800 million (€1 billion) in assets across Europe over the next two years, targeting the UK, Netherlands, Germany and Poland.
The £800 million (€1 billion) 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 center is let to more than 100 leading international and German designer brands.
In the next two years Resolution Property will target mixed-use city center projects, shopping centers and outlet centers 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.
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 programe we will be acquiring stock selectively from a full and interesting pipeline of opportunities.”
Source: Transmitter Communications Limited