Warburg-Henderson has set up a new European fund, European Core Property Fund No. 1, with a target size of EUR 1 bn. The fund made its first acquisition in Hamburg on Wednesday when it bought a mixed-use office and commercial asset in the town centre. The property is rented to the German company Framode, German newspaper Immobilien Zeitung reported.
Warburg-Henderson has set up a new European fund, European Core Property Fund No. 1, with a target size of EUR 1 bn. The fund made its first acquisition in Hamburg on Wednesday when it bought a mixed-use office and commercial asset in the town centre. The property is rented to the German company Framode, German newspaper Immobilien Zeitung reported.
Warburg-Henderson made record investments totalling EUR 1 bn in 2006. The company is planning to invest EUR 1.4 bn this year, with a focus on investment opportunities in western Europe in 2007, managing director Henning Kloeppelt said.
