• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Alternative

Henderson buys first property for German logistics fund

  • Anna Fedorova
  • Anna Fedorova
  • 11 December 2012
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Henderson Global Investors has bought the first property for its German Logistics Fund, which announced its first closing in October, raising €90m.

Henderson Global Investors has bought the first property for its German Logistics Fund, which announced its first closing in October, raising €90m.

The price of the property has not been disclosed, but Henderson says it represents an initial yield of around 8%. It is a 19,000 sqm distribution centre based in Bad Dürkheim in Germany.

Related articles

  • Henderson GI and Palmira acquire German distribution centre
  • Henderson seeks up to €250m for German logistics Spezialfonds
  • Henderson raises capital for second property fund in two days
  • Henderson to deploy €150m property Spezialfonds cash amid high interest in sector

The asset was developed by Gateway Real Estate in August this year. It is let to Europe’s leading producer of light alloy wheels – the Uniwheels group – on a long lease.

The firms says it fits well within the fund’s criteria for existing, good quality logistic assets in top locations throughout Germany.

The logistics fund is a partnership between Henderson’s German property business and Palmira Capital Partner, a specialist in logistic real estate. Palmira acts as adviser during the investment process and assists with the management.

Investors into the fund are predominantly German insurance companies and pension funds, as well as one Austrian institutional investor.

The fund remains open to institutional investors. Its target return is 8.5% with a 40% gearing provision.

Mathias Leidgeb, partner with Palmira Capital Partners, commented: “The strategy for the Fund involves the acquisition of existing, proven schemes with secured leases already in place. This means that the benefit of the low risk associated with newer build assets is retained, but the premium pricing is avoided.

“In this respect, Bad Dürkheim was an excellent fit with the strong covenant strength of Uniwheels and a long lease already in place.”

Henderson and Palmira have three further assets in due diligence which they hope to complete in the New Year.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Alternative
  • Germany
  • Europe
  • Janus Henderson Investors
  • Property (Real Estate)
  • Regions
  • Western Europe

More on Alternative

Janus Henderson Investors launches multi-strategy UCITS fund

  • Alternative
  • 03 June 2020
Law firm comments Esma shorting policy amid Coronavirus crisis

  • Alternative
  • 19 March 2020
Columbia Threadneedle suspends dealing in retail property fund

  • Alternative
  • 19 March 2020
AMX adds two to Irish operations

  • Alternative
  • 18 March 2020
Sweden ditches amortisation requirement in response to Coronavirus

  • Alternative
  • 18 March 2020
Back to Top

Most read

SharingAlpha's 2020 top rated funds by category revealed
SharingAlpha's 2020 top rated funds by category revealed
Duff & Phelps opens Gibraltar office
Duff & Phelps opens Gibraltar office
Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
Tabula launches world's first Paris-aligned fixed-income ETF
Tabula launches world's first Paris-aligned fixed-income ETF
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading