Henderson launches special property Austrian fund

Henderson Global Investors’ German business, Warburg - Henderson KAG, has raised €130 million (including gearing) for its special property fund Warburg - Henderson Österreich Fonds Nr. 2. The fund remains open to further institutional investors as the target size is €300 million.
 
The fund is all about investing in commercial and retail properties across Austria as well as Vienna-based office properties, from which the aim is to achieve an annual total return on capital of 7%. By way of example, the Fund's first asset is already acquired. It’s a retail warehouse in the centre of Vienna and the tenants include retailers KIK, Charles Vögele and NKD. http://www.warburg-henderson.com