1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Resolution was founded in 1998 by Robert Laurence and the investment team from Argent Group Plc with the specific aim of investing in UK and European commercial property that offers scope for high returns through a good initial stock selection, active management, refurbishment and redevelopment potential.
We invested in retail, industrial and office assets with an emphasis on the London media industries, undertaking a major refurbishment and repositioning of a 330,000 sq ft art deco factory in Camden to create and iconic building housing a number of well known media businesses.
Major refurbishment of Hammersmith Grove begins. A 200,000 sq ft office building acquired from Wimpey in late 1999.
During 2001 we embarked on our first investment in shopping centres and out-of-town retail parks sector within continental Europe.
We embarked on a second capital raising and purchased a 110,000 sq ft portfolio of retail warehouse parks in Sweden.
Continued capital raising efforts, creating a comingled fund and purchased the Water Gardens, a 170,000 sq ft retail park in Harlow. We acquired two retail assets in the UK – The Ridings Shopping Centre, Wakefield and Harlow.
Closed our second capital raising in February 2004, with commitments from an enlarged shareholder base including international private equity investors, pension funds and major US universities and foundations. Our portfolio extended into continental Europe. Equity £330M/Gross capital employed £1,350M.
Portugal, Kitson Way Harlow, Truro. Made a number of tactical sales of assets.
In 2006 we embarked on our first residential investment and development. Our focus has been on London and Geneva. We are keen to develop the residential side of our business. We made two acquisitions on the Iberian peninsular namely Megapark and Aveiro. Made our first investment in Germany. We also bought Senator House and Ocean House.
Our third capital raising closed in December 2007, with increased commitments from many of our existing investors, along with a wider range of endowments and foundations and family offices. Equity Euro 800M/Gross capital employed Euro 3,000M.
We focused highly selectively on assets within our core area of experience and saw a limited investment of 20% of the fund. Assets purchased include a prime retail park in East London and Glasgow; a leisure complex in central Manchester and an office building with redevelopment potential in Oxford Street in London.
Reflecting current global market conditions, we proceed with caution in deploying our resources, whilst also looking forward to the opportunities we feel sure will present themselves in the coming years. Expanded our UK retail portfolio with acquisitions in Glasgow, Oxford, Romford and Sunderland.
Expanded our portfolio in Europe, acquiring an FOC in France, shopping centres in Poland and Germany. Added to our UK portfolio with a mixed use development in Dorchester.
Further expanded the portfolio with a designer outlet in Roubaix, France and residential development land in Bicester, Oxfordshire.
Added to the UK retail portfolio in the first half of the year with the purchase of Ocean Terminal in Edinburgh as well as office space in Shoreditch.