Warburg - Henderson KAG acquires further four properties in France and the UK
Office buildings and retail units in Liverpool, Manchester and Nantes purchased for around £50m

After acquiring the property 3 Bunhill Row in London for around £80m a few weeks ago the Warburg – Henderson Kapitalanlagegesellschaft für Immobilien mbH (KAG), Hamburg, has purchased a further three buildings in the UK for its flagship fund Warburg – Henderson Pan-Europa Fonds Nr. 1.

In Liverpool, the European City of Culture 2008, the KAG acquired an office building situated directly opposite the city’s newest prestige development, St. Paul’s Square. The property, which was completed in 2004, provides over 12,500 sqm of lettable area with 80 basement car parking spaces and is fully let to the UK Passport Service and Unisys.

In Manchester, two modern office investments, Enterprise House & Telegraphic House, in the established out-of-town location Salford Quays were acquired. The properties comprise a total lettable floor area of around 4,400 sqm and 169 parking spaces. The purchase completes the site ownership of Waterfront Quay, following the Fund’s earlier purchases of Laser and Magnetic Houses in November 2003 and Capital House in 2004.

In St.-Herblain near Nantes, the KAG has acquired three individual properties adjacent to the Fund’s existing holding at ZAC Atlantis comprising 1,960 sqm of retail accommodation and ground lease on a site of some 1,200 sqm accommodating a restaurant unit. Tenants include Kiabi (international fashion multiple), Subway (sandwich bar) and Groupe Flo (French restaurant chain).

The Warburg – Henderson Pan-Europa Fonds Nr. 1 was launched in July 2003 for a number of German and foreign institutional investors committing equity in excess of €600m. The Fund invests primarily in commercial properties in France, Germany, Italy and the UK and is currently invested in 24 office and retail properties in seven European countries. Further acquisitions are currently being prepared.

Warburg – Henderson KAG specialises in the creation and management of pan-European property Spezialfonds. The company applies a professional investment process, leading-edge property research and has excellent local market access in Europe. It was founded in 2001 as a joint venture between M.M.Warburg & CO, Hamburg, and Henderson Global Investors, London. Warburg - Henderson has initiated six property funds since December 2002 with German and international institutional investors.

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