Pan-European real estate investor Resolution Property plans to invest up to £800 mln (€1 bn) in Europe over the next two years, targeting the UK, Netherlands, Germany and Poland.

Pan-European real estate investor Resolution Property plans to invest up to £800 mln (€1 bn) in Europe over the next two years, targeting the UK, Netherlands, Germany and Poland.

The acquisition drive for Resolution Property’s fourth fund is backed by investors ranging from global institutions to family offices from the US, 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 international and German designer brands. The investment volume was not disclosed.

Over the next two years Resolution Property will target mixed-use city centre projects, shopping centres and outlet centres in major European cities, where it feels 'hands-on asset management can release additional value'. It will also target office and residential opportunities in London and other large UK cities.

Resolution Property had already acquired two properties in the UK and one in Poland for a total of £310 mln since launching the fund in 2013.

Resolution CEO Robert Laurence 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 (in Poland) 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.'

The fund manager recently sold The Bonhill Building in London's Shoreditch, an asset in its third fund, to Legal & General Property for more than £62 mln. Resolution Property acquired the property in early 2012 and implemented a remodelling and letting strategy.