Germany's Warburg-Henderson KAG has acquired the Sequoia office building in St. Denis, near Paris, for some EUR 36 mln. The property is earmarked for Warburg-Henderson's European Core Property Fund No. 1. The building consists of about 7,300 m[sup]2[/sup] of space and 187 parking spaces. The Sequoia complex is entirely let to Samsung Electronics France under a new six-year lease contract.
Germany's Warburg-Henderson KAG has acquired the Sequoia office building in St. Denis, near Paris, for some EUR 36 mln. The property is earmarked for Warburg-Henderson's European Core Property Fund No. 1. The building consists of about 7,300 m2 of space and 187 parking spaces. The Sequoia complex is entirely let to Samsung Electronics France under a new six-year lease contract.
Warburg - Henderson KAG specialises in the creation and management of pan-European property funds. The company was founded in 2001 as a joint venture between Hamburg-based M.M.Warburg & CO and London-based Henderson Global Investors. Warburg - Henderson KAG has launched nine property funds since December 2002.
