Henderson Global Investors has acquired a 50,000 m2 warehouse and office park in the southwestern German town of Herrenberg near Stuttgart.
Henderson Global Investors has acquired a 50,000 m2 warehouse and office park in the southwestern German town of
Herrenberg near Stuttgart.
The financial details of the transaction were not disclosed.
Henderson was acting on behalf of its German Logistics Fund (HGLO), a joint venture with Palmira. This is the third acquisition for the fund.
The vendor was Industrial Securities Europe.
The asset consists of four fully let, high-quality buildings which total 50,000 m2 of warehouse and office space, over 135,000 m2 of land. Tenants include logistics provider LGI and paint and carpet wholesaler Arbtex Kaltenbach & Maier.
Reag and Graf von Westphalen acted on behalf of Henderson. Priam Asset Management and Hogan Lovells International represented the seller.
Henderson is a property asset manager with around £12.5 bn (€14.6 bn) of property funds under management across Europe, Asia and the US.
