Henderson Global Investors has raised 鈧�230 mln for its German Logistics Fund, a partnership between Henderson鈥檚 German Property Business and Palmira Capital Partners.
Henderson Global Investors has raised 鈧�230 mln for its German Logistics Fund, a partnership between Henderson鈥檚 German Property Business and Palmira Capital Partners.
With gearing, the fund has the firepower to invest up to 鈧�350 mln in the German logistics market.
Investors in the fund comprise a wide range of German and Austrian institutional investors.
The fund, Henderson鈥檚 second 鈥楽pezialfonds鈥�, has a target return of 8% per annum and focuses on logistics assets in top locations with a high degree of tenant flexibility, throughout the relevant logistics hubs in Germany.
The vehicle has already acquired six assets for its portfolio, including assets in Bad D眉rkheim, Bruchsal and Winsen an der Luhe. A number of additional assets are currently under due diligence. Palmira will advise Henderson throughout the investment process.
'We are delighted that the fund has been so well received by investors who recognise the opportunity for significant performance in this niche but maturing asset class,' said fund manager Thorsten Kiel.
