Fund manager Warburg-Henderson has launched a new special fund with a target volume of €500 mln which will focus on German core-plus properties.
Fund manager Warburg-Henderson has launched a new special fund with a target volume of €500 mln which will focus on German core-plus properties.
An initial portfolio has already been secured for the Warburg - Henderson Germany High Income Fund, which will aim to pay annual dividends of 6.5%.
Warburg-Henderson also said it has raised €208 mln in institutional capital for its German TOP 5 fund which will invest mainly in office properties in the core and core-plus segments of German cities.
Including around 45% of debt, the fund will have around €375 mln to deploy for investments. The TOP 5 fund is a continuation of the former Deutschland Fonds Plus, which had a seed portfolio consisting of an office property in Berlin and Frankfurt. More recently, an office building (Altezza) in Munich was added, comprising around 25,000 m2 and 280 parking spaces, while the purchase of a further office property in Hamburg has been signed and is being finalised.
