Henderson to continue marketing U.K. Shopping Centre fund
Henderson Global Investors has decided to extend the marketing period on the UK Shopping Centre Fund past its previous target close of December 31, 2013. The fund initially closed in 2004, but re-opened for investment in 2012. There is currently no target close date, and sources have said it will continue to remain open for investment while opportunities exist. The fund has raised £592 million as of September 2013 and will continue raising funds as long as viable investment opportunities exist.
The core-plus fund will target U.K. retail properties that are prime and/or dominant within their city or regional catchment and have a minimum size of 300,000 square feet. Additionally, they must be well anchored by a major department store with fashion based tenant mix and good car parking or public transport access.
“Consumer spending since the GFC has become that much more