Resolution has announced the closing of its third capital raising (Resolution Real Estate Fund III L.P.) which has resulted in EUR 800 mln of new equity from leading European and US private equity investors. The new fund's first acquisition was the purchase of the prime three acre leisure complex, The Printworks, in the centre of Manchester, UK for over GBP 100 mln (approx. EUR 135 mln). This latest fund raising brings Resolution’s spending power, with gearing, up to EUR 4 bn.
Premium subscriber content – please log in to read more or take a free trial.
