Warburg-Henderson becomes Warburg-HIH Invest Real Estate
TIAA Henderson Real Estate has sold its 50 percent share in Warburg-Henderson Kapitalanlagegesellschaft für Immobilien mbH to HIH Hamburgische Immobilien Handlung. The remaining 50 percent will continue to be held by MM Warburg & Co.
Warburg-Henderson will now merge with HIH’s subsidiary HIH Global Invest Kapitalverwaltungsgesellschaft and will be renamed Warburg-HIH Invest Real Estate.
Business units at both of the two companies, Warburg-Henderson and HGI, will be merged and property transaction management, as well as the product structuring business unit, previously run by HIH will transfer to the new company.
While HIH will be the exclusive asset manager for investments in Germany, TH Real Estate will continue to be the asset manager for European property investments outside of Germany.
“Merging the two AIF management companies will make us even more efficient in providing the entire product spectrum for institutional real