Underlining the strength of investor demand for the retail warehouse sector, Henderson Global Investors has announced the final closing of its retail warehouse fund.
It has raisedÂŁ117.5 million in new investment from five new institutions, bringing the total number of investors to 13.
Since its launch in July 2001, the fund has grown from six properties with a value ofÂŁ180 million, to 15 properties worth more thanÂŁ550 million today. The most significant recent purchase was a majority stake in the 50,000 sq m Brewery scheme at Romford. Fund Director Neil Varnham said the final target size for the fund isÂŁ750 million.
'I am pleased we successfully raised a substantial amount of new equity, and also managed to invest most of this capital in very competitive market conditions,' he added.
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