Henderson Launches German Logistics Fund
Henderson Global Investors is launching a German Logistics Fund, which will target good quality German logistics assets in locations such as Stuttgart, Bremen, Hamburg, Munich, Frankfurt, Düsseldorf and Cologne. Henderson is launching the fund in partnership with Palmira Capital Partners, a logistics property specialist. The fund has a target volume of €200 million to €250 million, with gearing of 40 percent. It will have an eight-year life, and its target return is 8.5 percent per year, with an 8 percent return on investment.
The fund, structured as a Spezialfonds, is aimed at German and Austrian institutional investors. The fund is Henderson’s second to be structured as a Spezialfonds, following the Henderson German Retail Income Fund, which closed in 2011.