Henderson buys 54,000 m2 of German logistics assets

Listed investment firm Henderson Global Investors has bought two logistics sites near Munich for an undisclosed sum.

The two sites were bought through The Henderson German Logistics Fund, which is run with Palmira Capital Partners.

The first is a 40,000 m2 warehouse and extension in Niederaichbach, currently let to two automotive supply firms.

The second is a 13,900 m2 facility in nearby Niederviehbach, built in 2012 and let to a car manufacturer.

‘These assets, within this Munich metropolitan area, offer optimum supply and demand characteristics, which should protect the high rental yields,’ said fund manager Thorsten Kiel.

The fund has made eight previous purchases.