Private equity firm Henley is launching a fund with investors Frank and Kevin Oppenheim that plans to invest more than £200 mln (€240 mln) in European real estate over the next three years.
Private equity firm Henley is launching a fund with investors Frank and Kevin Oppenheim that plans to invest more than £200 mln (€240 mln) in European real estate over the next three years.
The JV, called Henley360, will invest in Germany and the Benelux, focussing on light-industrial, multi-let properties, sale-and-leaseback deals, and other opportunities of €5 mln and above. The fund aims to invest at least £200 mln (€240 mln) over the next three years.
Henley will handle investor relations and provide capital, while the Oppenheims will source deals and provide asset management. The Oppenheims have developed 12 business parks in the UK and 38 in Germany over the last 15 years.
‘Following the success of our UK-focused strategies and the clear appetite from our investors for similar product, we have identified now as the right time to enter the continental European market for the first time,’ said Henley CEO Ian Rickwood. ‘In addition to Henley360 we are also looking for exciting opportunities in other European markets including Spain and France.’
The Oppenheims were advised by Paul Ross-Gower of Funding Procurement Consultancy.
