Henderson is to launch its first dedicated German retail fund, Mike Sales, the company's head of global property investment, told PropertyEU. 'We are marketing our German Retail Income Fund and talking to German retailers simultaneously. We would like to raise EUR100 mln by the year-end,' Sales said.

Henderson is to launch its first dedicated German retail fund, Mike Sales, the company's head of global property investment, told PropertyEU. 'We are marketing our German Retail Income Fund and talking to German retailers simultaneously. We would like to raise EUR100 mln by the year-end,' Sales said.

'Retail in Germany can generate an income return of more than 6%, net of costs. It's all about pricing,’ he said. The fund will focus on Germany's 'Big 6', which includes Frankfurt and Munich.