Warburg - Henderson sells office building in City of London

Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH, Hamburg, has sold the office property 3 Bunhill Row in the City of London for a price in access of 80 million Pounds Sterling.  The price achieved is above market value (Verkehrswert) and reflects a gross initial yield of 5.5%.  The property was completed in 2003 and comprises around 9,200 square metres over nine floors.  It is fully let with a remaining lease length of nearly 20 years.

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About Warburg - Henderson
Warburg - Henderson KAG was founded in 2001 and is a joint venture between the renowned German private bank M.M.Warburg & CO and the British asset manager Henderson Global Investors.  Warburg – Henderson is a capital investment company and so far has launched 17 property funds for German and international institutional investors.  The investors are mainly insurance companies and pension funds. The assets under management currently amount to c. 4.1 billion Euro.