- March 1, 2011: Vol. 5, Number 3

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Henderson Invests in Property Across Europe


Henderson Global Investors has been an active property investor in recent months, with a number of transactions completed.

Henderson has increased its stake in Birmingham Fort, an approximately 28,000-square-metre shopping centre located just north of Birmingham, United Kingdom. The firm has acquired a further 12.5 percent interest in the property for £26.25 million (€30.8 million), giving a 50 percent ownership. The stake was purchased from Clerical Medical Managed Funds Ltd, St James’s Place UK Plc and Clerical Medical Investment Group Ltd. Henderson acquired the property on behalf of its £1.1 billion (€1.3 billion) UK Retail Warehouse Fund. Tenants of the property, which was built in 1996, include Marks & Spencer, Boots, Bhs and Arcadia.

“Birmingham Fort is one of the UK’s leading fashion parks and a core asset for the Retail Warehouse Fund that has performed well in 2010,” says Michael Neal, fund manager of the Henderson UK Retail Warehouse Fund.

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