Warburg-Henderson carried out €1.25 bn of real estate transactions in 2014, up from €892 mln the year before.
Warburg-Henderson carried out €1.25 bn of real estate transactions in 2014, up from €892 mln the year before.
Warburg-Henderson provides property investment services to institutional investors and is a joint venture between German bank M.M.Warburg & CO and global investor, TIAA Henderson Real Estate.
Outlining its transactions in 2014, Warburg-Henderson said it made €787 mln of acquisitions (2013: €497 mln) and €473 mln of disposals (2013: €395 mln). This brought the property assets under management up to €4.7 bn by the end of the year, compared to €4.4 bn for 2013.
In Germany, Warburg-Henderson realised 664 million euros worth of investments, nearly doubling the volume year-on-year. In addition, Warburg-Henderson bought property in the UK, Austria and Poland in 2014. The list of properties sold during the year includes assets in Germany, France and Austria.
Eitel Coridaß, managing director and responsible for investment management at Warburg-Henderson said: 'These results demonstrate once again that we are perfectly capable of driving performance through sales while completing attractive acquisitions at the same time.'
Warburg-Henderson raised about €450 mln in equity commitments from institutional investors.
PropertyEU's Top Investors, which ranks Europe's leading real estate dealmakers by 2014 acquisition and disposal volumes, is published in March 2015.
