Warburg - Henderson KAG closes Pan-Europa Fonds Nr. 1 after raising more than €400m of equity
Warburg - Henderson Kapitalanlagegesellschaft für Immobilien mbH, Hamburg, has successfully closed its property Spezialfonds Warburg - Henderson Pan-Europa Fonds Nr. 1 with a result significantly ahead of original expectations.
In total, 10 German and foreign institutional investors including pension funds, insurance companies and corporates have committed over €400m of equity which is clearly in excess of the €250m target at the launch of the Fund in July 2003.
"The closure of our Pan-Europa Fonds Nr. 1 is a great success", says Dr. Henning Klöppelt, Managing Director of the Warburg - Henderson KAG. Klöppelt adds: "Our view has been confirmed that demand for pan-European property Spezialfonds is still rising and that due to our strong local presence in Europe the Warburg - Henderson KAG will be a key provider of such products." The Fund currently owns 12 office and retail properties in France, Germany, the Netherlands, Spain and the UK. Further acquisitions in Western Europe are imminent.
After successfully launching the Warburg - Henderson Pan-Europa Fonds Nr. 2 and receiving further equity commitments for the country-specific Warburg - Henderson Österreich Fonds Nr. 1 and Warburg - Henderson Deutschland Fonds Nr. 1 the KAG has around €1bn of capital available for deployment.
The Warburg - Henderson Pan-Europa Fonds Nr. 3 is in the pipeline and has already attracted institutional investors. The Fund is the successor of the Pan-Europa Fonds Nr. 1 and will be launched in June of this year.
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.
Press Enquiries
Henderson Press Office
pressoffice@henderson.com
+44 (0) 20 7818 4222
