Warburg - Henderson KAG acquires Madrid shopping centre for Pan-Europa Fonds Nr. 1

Warburg - Henderson KAG has continued the acquisition programme for its flagship Pan-Europa fund with a first purchase in Spain. In Getafe, a residential suburb to the south of Madrid, the Fund has acquired the "El Bulevar" shopping centre for around €20m. The centre comprises around 5,600 m² and is fully let to well-known tenants including Mango, Foot Locker and McDonald’s. The centre forms part of a larger complex which also includes a Carrefour hypermarket, UCI multiplex cinema, a major household electricals multiple and a total of some 1,500 car parking spaces. Warburg - Henderson KAG was advised in the transaction by Henderson Global Investors, who is the appointed Asset Manager for the Fund.

The Warburg - Henderson Pan-Europa Fonds Nr. 1 was launched in July 2003 and currently comprises eight office and retail investments in France, Germany, Spain and the UK. With additional capital available for deployment across western Europe, Warburg - Henderson KAG is planning further acquisitions this year.

Warburg - Henderson KAG specialises in the creation and management of pan-European property Spezialfonds. The company was founded in 2001 as a joint venture between M.M.Warburg & CO, Hamburg, and Henderson Global Investors, London. The company’s aim is to become a market leader within the next few years. Warburg - Henderson KAG has initiated five property Spezialfonds since December 2002 with German and international institutional investors, raising equity in excess of €600m.