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Fundraising - MAY 23, 2017

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Warburg-HIH raises €100m for new retail fund

by Jody Barhanovich

Warburg-HIH Invest Real Estate has raised €100 million ($112.2 million) for Warburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung. The fund seeks to raise up to €450 million ($504.8 million) in capital commitments.

With its new commitments, the fund has acquired a local retail portfolio in Germany. The portfolio consists of three local supply centers in Usingen, Halver and Hamburg. All three properties have retail grocery stores, self-service stores, drugstores, apparel, shoes, gastronomy and services, according to Hans-Joachim Lehmann, managing director at Warburg-HIH Invest and responsible for the transaction management business in Germany.

“The purchase of this new-build retail portfolio with high-yield stability has enabled us to take advantage of a rare opportunity of acquiring an almost fully let portfolio consisting of three property developments whose anchor tenants, without exception, rank among Germany’s first-rate retail brands with high footfall

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