Henderson, Warburg JV Closes Second Austrian Fund
Henderson Global Investors’ German joint venture, Warburg–Henderson KAG, has completed the equity raise for its property fund, Warburg–Henderson Österreich Fonds Nr 2. The fund has raised €180 million of equity commitments from German and Austrian investors, which provides it with approximately €360 million of firepower to deploy in the Austrian property market, including debt.
The investment focus is on core to core-plus retail properties across Austria as well as office properties specifically in Vienna. Initial acquisitions have included a 4,700-square-metre retail warehouse in Vienna; a 10,400-square-metre retail asset, Intersport Eybl, in Vienna; a 15,000-square-metre fully-let retail warehouse in Fürstenfeld; the Stadtparkcenter shopping centre in Spittal an der Drau; and the 13,440-sq