Henderson Global Investors has purchased 62, rue de la Chaussée d'Antin, Paris for Warburg - Henderson KAG, its property joint venture with M.M.Warburg & CO. The mixed-use office and retail building in the heart of Paris financial district was acquired for the KAGs Pan-Europa Fonds Nr. 1 from Assurances Générales de France (a subsidiary of Allianz).

Adjacent to boulevard Haussmann and Galeries Lafayette and Printemps, the main department stores in Paris, the building comprises 2,320 sq.m. over seven floors. The upper floor offices are let solely to Dexia Bank and the ground floor retail units are let to three retail tenants.

The purchase of this building is the first in a series of French acquisitions planned for the Fund.

The Fund's strategy is to invest primarily in core office and retail properties focusing on the key European investment markets namely - France, Germany, Italy and the UK. Once an initial portfolio is established, further opportunities in the Benelux and Iberia will be pursued. The assets will be sourced and asset managed in Germany by M.M.Warburg's property asset management subsidiary HIH Hamburgische Immobilien Handlung GmbH and in the rest of Europe by Henderson.

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 M.M.Warburg & CO, the Hamburg private Bank, and Henderson Global Investors Ltd., London.

DTZ Investment Department in Paris advised Henderson Global Investors in the transaction.