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Henderson Launches German Property Fund

LONDON-A leading German pension fund has put $190 million into a new property fund to be managed by Henderson Global Investois and MM Warburg. The fund will target the UK, France and Germany.

By Graham Parker | Updated on January 12, 2004

LONDON-Henderson Global Investors’ move into the German fund management market has been boosted with the launch of a new €300-million ($380-million) property fund on behalf of Nordrheinische Ärzteversorgung, the pension fund of the North Rhine medical association. The fund is investing €150 million ($190 million) which will then be subject to 100% gearing.

Henderson will manage the fund through Warburg – Henderson Kapitalanlagegesellschaft fr Immobilien, its joint venture with Hamburg-based MM Warburg. The investment strategy of the fund is to focus on office, retail and logistic properties in the key pan-European property markets outside of Germany, with France, Italy and the UK the main targets.

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