Warburg - Henderson KAG acquires 8th property in the UK
Office bulding acquired in London for £35m

Warburg – Henderson Kapitalanlagegesellschaft für Immobilien mbH, Hamburg, has acquired the property “Woodbridge House”, 30 Aylesbury Street, in London for around £35m for its property Spezialfonds Warburg – Henderson Pan-Europa Fonds Nr. 3. This is the 8th time the KAG has invested in the UK.

The investment comprises an office building located in Clerkenwell extending to a total lettable area of around 7,000 sqm. The property is fully let to Pinsent Masons, amongst the Top 15 law firms in the UK, on a long-term basis. In recent years Clerkenwell has become a focus for a diverse range of businesses including media, telecommunications, legal and professional occupiers. There has been a dramatic improvement in the general infrastructure of the area with new restaurants, wine bars, sandwich bars, health clubs and other retailers in the vicinity.

The Warburg – Henderson Pan-Europa Fonds Nr. 3 was launched in August 2005 for a number of German pension funds. Currently, 11 German and European institutional investors have committed equity of around €200m. The Fund invests primarily in commercial properties in France, Germany, Italy and the UK with a risk/return profile of Core plus. The Fund was launched after the KAG flagship fund Warburg – Henderson Pan-Europa Fonds Nr. 1 was closed in May 2005 raising in excess of €500m.

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 KAG has initiated seven property funds since December 2002 with German and international institutional investors.

Press Enquiries

Henderson Press Office
pressoffice@henderson.com
+44 (0) 20 7818 4222