Henderson German Retail Fund Raises €85 Million
The Henderson German Retail Income Fund (HGRIF), which is sponsored by Henderson Global Investors, has raised €85 million in equity. With leverage, the fund will be able to begin investing €170 million in core German retail properties. The fund is still open and has an eventual target size of €300 million.
“This fund offers German and Austrian institutional investors direct access to prime retail assets — traditionally underallocated within German institutional investor portfolios — while simultaneously profiting from our experience and expertise,” says Thilo Wagner, HGRIF’s fund manager.
The fund, which targets German retail parks with a supermarket anchor, has already begun investing. Its first investment was an 8,500-square-metre retail park, Hürther Bogen. The property, located near Cologne, was acquired for e15 million from a pri