The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

'Gotham City in London' Developer Raises €230million for German Logistics Fund

27 September 2013 | Updated 01 January 1970
 

Henderson Global Investors has raised € 230 million for its German Logistics Fund – a partnership between Henderson’s German Property Business and Palmira Capital Partners, a specialist in logistic real estate – providing it with a total of up to €350 million (including gearing) of firepower to deploy in the German logistics market. Investors comprise of German and Austrian institutional investors.

The fund, Henderson’s second ‘Spezialfonds’, has a target return of 8% per annum.  It focuses on logistics assets in top locations with a high degree of tenant flexibility, throughout the relevant logistics hubs in Germany and has already acquired six assets for its portfolio, including assets in Bad Dürkheim (pictured), Bruchsal and Winsen an der Luhe. A number of additional assets are currently under due diligence. Palmira advises Henderson throughout the investment process.

Thorsten Kiel, Manager of the Fund, said: Germany’s central location, first class infrastructure, affluent population and export – orientated economy make Germany one of the leading global logistic locations.”

Henderson has recently achieved ‘notoriety’ for its plans to develop a Batman inspired new gothic building in the heart of the City of London for a reported cost of £391million. It would be the 13 largest building in the capital at 170 metres. If it gets the go-ahead, the build could start as early as 2015. The designs for the Leadenhall Street project were revealed last week and comprise of 890,000sq.ft of offices and 20,000sq.ft of shops and amenities.

Henderson acquired the development plot, (the Leadenhall Triangle – the City’s insurance district), out of administration in 2011 for more than £175million.

Article written by ThisWeekinFM | Published 27 September 2013

Share


Related Tags


Related Articles

NFU Mutual Sells Eight Prime UK Logistics Assets to Barings

Barings, a subsidiary of MassMutual, is to acquire a portfolio of logistics properties from NFU Mutual in a deal worth £234 million. The eight assets are all...

 Read Full Article
Amazon Looks to Offload 10m Square Feet of Warehouse Space, Reports Suggest

Amazon is looking to sublet or terminate leases of excess warehouse space due to a drop in online shopping, says Bloomberg. According to the news report by Bloomberg,...

 Read Full Article
BAM FM Wins Hard FM Contract With Made.com

BAM FM has been awarded a three-year hard facilities management contract with online home and lifestyle retailer Made.com. The contract will encompass both mechanical...

 Read Full Article
High Performing Buildings – October's Roundup

This month, we are focussing on high-performing warehouses and industrial spaces. The growth of e-commerce could drive demand for 92 million sq ft of warehouse space...

 Read Full Article
Industrial and Logistics Property in High Demand

The number of logistics and industrial property leasing deals was 70 per cent higher than usual in Q1 of this year. New data from Cushman & Wakefield suggests that...

 Read Full Article
Poor Part Management Costs M&E Sector ÂŁMillions

£millions are being wasted on poor management of spare parts - that’s the message from a survey of the top FM service providers published in a new white...

 Read Full Article
Industrial Property Market Makes Most Moves

JLL’s latest Industrial Tracker report highlights the industrial market as the shining star of the property market, with strong rental growth boosting overall...

 Read Full Article
Lift Trucks In More Accidents Than HGVs

Managers are being urged to seek absolute clarity over forklift Thorough Examinations, after it was revealed lift trucks are involved in 50% more serious accidents than...

 Read Full Article
Traffic Bottlenecks Bothering Builders

More than half (51 per cent) of UK construction firms say transport-related delays are frequently impacting upon projects, research has revealed. Of those, 9 per cent say...

 Read Full Article
Logistics Company Found Guilty

A logistics company has been fined £20,000 after a worker was hit by a forklift truck in a busy yard and suffered head injuries. The HSE investigated and...

 Read Full Article