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 raised£117.5 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 of£180 million, to 15 properties worth more than£550 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 is£750 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.