Henderson Global Investors and Palmira Capital Partners have acquired a logistics centre in Hildesheim, Germany.
Henderson Global Investors and Palmira Capital Partners have acquired a logistics centre in Hildesheim, Germany.
The pair carried out the transaction on behalf of the Henderson German Logistics Fund (HGLOF).
The acquisition price was not disclosed. It marks the seventh acquisition for the fund.
The asset is a multi-functional distribution property with a lettable area of 44,631 m2. Completed in 2013, the property is let to online tyre supplier reifen.com for 10 years.
HGLOF is a partnership between Henderson’s German Property Business and Palmira Capital Partners, a specialist in logistics real estate. The fund, Henderson’s second Spezialfonds, has a target return of 8% per annum. It focuses on logistics assets in German's top logistics hubs with a high degree of tenant flexibility.
Henderson and Palmira Capital Partners were advised by Knight Frank. S-GewerbeImmobilienVermittlung Hannover acted as intermediary on behalf of the seller.
