Asset management firm Henderson Global Investors said on Monday it had raised EUR 245 mln from institutional investors for the third closing of its European Outlet Mall Fund. The investors include Allianz, BNP Paribas, the Cordares European retail property fund and CBRE Investors’ clients.
Asset management firm Henderson Global Investors said on Monday it had raised EUR 245 mln from institutional investors for the third closing of its European Outlet Mall Fund. The investors include Allianz, BNP Paribas, the Cordares European retail property fund and CBRE Investors’ clients.
This third tranche brings total equity for the fund to EUR 624 mln since its launch in February 2004 and ‘underlines the continued appetite amongst investors for the retail sector of European real estate, and outlet malls in particular’, Henderson said in a statement.
‘The current market is undoubtedly more challenging than in recent years, but there is still room for skilled, specialist managers to drive outperformance for their investors from the Outlet Mall sector,’ fund manager David Williams said.
The fund has also acquired the factory outlet complex at Messancy, Belgium for EUR 12 mln from Intervest Retail, Henderson said. The 18,500 sq m site comprises 48 retail units is to undergo a ‘substantial refurbishment programme’.
