An €808m (£600m) capital raising (Resolution Real Estate Fund III L.P.) was completed in December 2007, with commitments from an enlarged investor base including some of the foremost US endowments and foundations, and leading European investors.

Gallows Corner ROMFORD

SECTOR: Retail Warehouse
SIZE: Gross Internal Area 92,557 sq ft
PARKING SPACES: 338 (1:274 sq ft)
PRINCIPAL TENANTS: Comet, Dfs, Halfords, Magnet & Furniture Village

The Quadrangle LONDON

SECTOR: High Street Retail & Offices
SIZE: 114,145 sq.ft
PRINCIPAL TENANTS: W H Smiths, Carphone Warehouse, Footlocker & Starbucks

Templars Shopping Park OXFORD

SECTOR: Retail Warehouse
SIZE: Gross Internal Area 142,352 sq.ft
PARKING SPACES: 484 (1:294 sq ft)
PRINCIPAL TENANTS: B&Q, Comet, Matalan, TK Maxx & Halfords

Great Western Retail Park GLASGOW

SECTOR: Retail Warehouse
SIZE: Gross Internal Area 168,538 sq.ft
PARKING SPACES: 851 (1:198 sq.ft)
PRINCIPAL TENANTS: B&Q, Comet, Currys, Carpetright, Allied & Burger King

B&Q DIY SUNDERLAND

SECTOR: Retail Warehouse
SIZE: Gross Internal Area 103,392 sq.ft
PARKING SPACES: 568 (1:182 sq.ft)
PRINCIPAL TENANTS: B&Q

Wellesbourne Distribution Park WARWICKSHIRE

SECTOR: Distribution Warehouse
SIZE: 740,036 sq.ft (Site coverage of 23%)
PRINCIPAL TENANTS: Amethyst Group Limited, Listers Group Limited
& National Farmers Union Mutual Society Limited

The Printworks MANCHESTER

SECTOR: Leisure
SIZE: Gross Internal Area 365,000 sq.ft
PRINCIPAL TENANTS: Hard Rock Café, Café Rouge, Virgin Active, Odeon
& J D Wetherspoons

Torstrasse BERLIN

SECTOR: Investment in mixed use project (members club, hotel, serviced offices)
SIZE: 138,000 sq ft
LOCATION: Mitte, Berlin, Germany
PRINCIPAL TENANTS: Soho House, Cecconi’s, Cowshed Spa

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Resolution is founded

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.

Fund 1

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.

Hammersmith Grove

Major refurbishment of Hammersmith Grove begins. A 200,000 sq ft office building acquired from Wimpey in late 1999.

European Portfolio

During 2001 we embarked on our first investment in shopping centres and out-of-town retail parks sector within continental Europe.

Retail Parks in Sweden

We embarked on a second capital raising and purchased a 110,000 sq ft portfolio of retail warehouse parks in Sweden.

The Water Gardens, Harlow

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.

Fund 2

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.

2005

Portugal, Kitson Way Harlow, Truro. Made a number of tactical sales of assets.

London & Geneva

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.

Fund 3

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. Switzerland and fund raising

Oxford Street, London

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.

2009

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.

open timeline