The Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH has purchased an office investment, comprising of some 7,400 sq m, in the City Süd district of Hamburg for its Deutschland Fonds Nr. 1. The Fund invests mainly in office properties with development and restructuring potential, located in the top five German cities, with the goal of adding value through active management. HIH Hamburgische Immobilien Handlung acted as sub-adviser to Warburg - Henderson KAG.

Warburg - Henderson KAG specialises in the creation and management of pan-European property Special Funds. The company was founded in 2001 as a joint-venture between the Hamburg private Bank, M.M.Warburg & CO and the global fund managers, Henderson Global Investors Ltd., London. In the last six months, three funds have been created with investment totalling some €300m from a variety of German and international institutional investors. The company has the goal of becoming a leader in the property Special Fund market within the next five years.