Henderson Kapitalanlagegesellschaft fÃ¼r Immobilien mbH, Hamburg, has successfully closed its property Spezialfonds Warburg - Henderson Pan-Europa Fonds Nr. 1 with a result significantly ahead of original expectations.
In total, ten German and foreign institutional investors including pension funds, insurance companies and corporates have committed over â¬400m of equity, well in excess of the â¬250m target, set at the Fund launch in July 2003.
âThe closure of our Pan-Europa Fonds Nr. 1 is a great successâ, says Patrick Bushnell, Director of Property Investment, Europe for Henderson Global Investors. He adds âOur view has been confirmed that demand for pan-European property Spezialfonds is still rising and that due to our strong local presence in Europe the Warburg - Henderson KAG will continue to be a key provider of such products.â
The Fund currently owns 12 office and retail properties in France, Germany, the Netherlands, Spain and the UK. Further acquisitions in Western Europe are imminent.
After successfully launching the Warburg - Henderson Pan-Europa Fonds Nr. 2 and receiving further equity commitments for the country-specific âWarburg - Henderson Ãsterreich Fonds Nr. 1â and âWarburg - Henderson Deutschland Fonds Nr. 1â the KAG has around â¬1 billion of capital available for deployment.
The Warburg - Henderson Pan-Europa Fonds Nr. 3 is in the pipeline and has already attracted institutional investors. The Fund is the successor of the Pan-Europa Fonds Nr. 1 and will be launched in June of this year.