Henderson Global Investors is working on a new special fund (Spezialfonds) with Palmira Capital that will invest in German logistics assets.
Henderson Global Investors is working on a new special fund (Spezialfonds) with Palmira Capital that will invest in German logistics assets.
The Henderson German Logistics Fund will target an investment volume of between EUR 200 mln and EUR 250 mln, with a 60% equity ratio. It will be aimed at German and Austrian institutional investors such as pension funds and insurers and seek to pay annual returns of 8%.
The first closing of the fund in the order of at least EUR 50-70 mln is planned for end-July. Henderson and Palmira are looking at potential assets in Stuttgart and Bremen as well as the Rhine-Main and Ruhr regions. Properties will be acquired for a holding period of seven to eight years.
Henderson Global Investors manages real estate fund assets of around EUR 15 bn in Europe, Asia and North America.
Palmira Capital Partners is a real estate investment and consultancy firm focusing on the industrial and logistics sectors with offices in Frankfurt and Munich.
