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- March 1, 2012: Vol. 6, Number 3

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Henderson German Retail Fund Raises €90 Million

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The Henderson German Retail Income Fund (HGRIF), which is sponsored by Henderson Global Investors, has raised an additional €90 million in equity in a second close. With leverage, this capital raising gives the fund an additional €180 million of buying power.

The fund raised €85 million in equity in the first close, and with leverage now has a total fund size of €350 million.

“German retail warehouses were a star performer throughout 2011. They continue to offer attractive initial yields compared both to those in other countries and to other commercial sectors in Germany,” says Thilo Wagner, HGRIF’s fund manager.

The fund, which targets German retail parks with a supermarket anchor, has already begun investing and has purchased four assets since its first close.

“The initial four acquisitions are testament to our wealth of

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