Henderson buys and sells across Europe

Henderson Global Investors chalked up over 50 property deals across Europe in 2012.

The company said it acquired a retail warehouse in Vienna on behalf of its German joint venture, Warburg-Henderson. The fully let Marchfeld Center retail warehouse marks the sixth acquisition for the Warburg - Henderson Österreich Fonds Nr. 2. The asset has 10,718 m2 of retail space and 450 parking spaces.

In Germany, Henderson teamed up with Palmira Capital Partners to purchase a second logistics centre for its German Logistics Fund which launched in the autumn. The 16,000-m2 property, located near Hamburg, is let to Office Depot, a global office supplier. It was acquired from Industrial Securities Europe for an initial yield of over 8%.

In total, the two acquisitions represented an investment of €35 mln.

In the UK, Henderson sold its Home Décor Unit in Sheffield to Asda, achieving a return of over 150% on its holding since acquiring it in 2006 due to a complex relocation and development initiative. Meanwhile, 6-7 High Street, Oxford was sold for £9.3 mln.

'We have taken advantage of a range of opportunities throughout the year, whether that be through our extensive European infrastructure and network which has brought us a number of off market opportunities or through delivering on more speculative and ambitious project ideas by utilising the expertise of our in-house development team,' said Michael Sales, CIO and managing director at Henderson Property.