Robert Laurence’s Resolution Property wants to more than triple the value of its property portfolio over the next three to seven years.
The group, which owns about £400m of property, aims to have a portfolio of £1.3bn, with up to 50% of that invested in retail.
European director Magnus Lofgren said at MAPIC that the company was poised to buy a €100m retail warehouse park in France and was in talks to buy a €125m park in Germany.
He added that Resolution was also looking at two retail warehouse centres in Spain with a combined value of about €300m, which would take the company’s retail portfolio value to almost £600m.
References: EGi News 22/11/04
