PropertyEU

Warburg-Henderson buys Munich property for EUR 60m

By A staff reporter 2007-06-07T00:00:00

Warburg-Henderson Kapitalanlagegesellschaft für Immobilien (KAG) has bought the administration buildings of the ARAG insurance company in Munich for EUR 60 mln. ARAG will lease the properties back for a period of two years. The 17,000 m[sup]2[/sup] asset is earmarked for Warburg-Henderson's German fund NR. 1. The company said it intends ...

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