Henderson Global Investors SGR has launched two new real estate funds dedicated to the Italian real estate market. The investment vehicles, DSPF1 Italia and DSPF2 Italia, are closed-end funds reserved for institutional investors.
Henderson Global Investors SGR has launched two new real estate funds dedicated to the Italian real estate market. The investment vehicles, DSPF1 Italia and DSPF2 Italia, are closed-end funds reserved for institutional investors.
They will focus on offices, retail and logistics property, both existing assets and developments, all over Italy.
Additionally, Henderson said it has finalised the acquisition of an office building in Milan of 23,000 m2, which will be part of the portfolio of fund DSPF1 Italia. The building is located in a semi-central location in Milan, and has been bought from the Crescita closed-end real estate fund for a price of EUR 28.1 mln. The property comprises 15,000 m2 of space over eight floors and 220 parking spaces. The property was built in the 1980s and is fully let to Telecom Italia.
Andrea Orsa, HGI’s head of property for Italy, said that the launch of two new real estate funds dedicated to Italy confirmed the importance that an international player like Henderson continued to attribute to the Italian market. Henderson has made over EUR 1 bn in investments in Italy since 2004.
HGI SGR has been advised by law firm DLA Piper.
