Henderson Park, a pan-European private equity real estate platform, has acquired Rathaus Galerie, a shopping center located in the city center of Essen, Germany.
The transaction is being undertaken in joint venture with HBB, a leading German real estate developer and operator, who will manage the asset, with Henderson Park as the majority partner.
The transaction represents the second investment by Henderson Park in Germany and its first shopping center acquisition, facilitated through the establishment of its new joint venture with HBB. The platform established by this joint venture creates a framework with the potential to expand further into the German real estate market, which continues to attract some of Europe’s strongest investment flows.
“The decision to make our first shopping center acquisition was driven by the Rathaus Galerie’s dominant status and the latent value we believe can be captured; we intend to implement an asset management strategy t
