GvW Graf von Westphalen advises fund on acquisition of real property
In November/December Henderson Global Investors acquired the first two logistic properties in Bad Dürkheim and in Elmenhorst-Lanken for the property special investment fund "Henderson German Logistics Fund". GvW Graf von Westphalen's Frankfurt real property team exclusively advised the fund.
The distribution centre in Bad Dürkheim with approx. 19,000 m² lease area has been leased longterm to the UNIWHEELS group, one of the leading manufacturers of alloy wheels. The vendor was the listed company Gateway Real Estate AG.
The logistics centre in Elmenhorst (near Hamburg) with approx. 16,000 m² lease area has been leased to Office Depot, a leading provider of office supplies and office services. The vendor was the asset manager Industrial Securities Europe.
Henderson German Logistics Fund invests in high quality logistics properties in highly sought-after logistics locations. The fund's target volume is EUR 250 million. Henderson Global Investors set up the fund together with Palmira Capital Partners in the framework of a Joint Venture.
The Frankfurt real property team consists of Dr Bettina Schmitt-Rady, Andrea Torka, Thomas Schroiff and David Wende (partners), Jan Becher (counsel), Dr Magnus Dorweiler (associate partner) and Bettina Buddenberg and Johannes Schuhmann (associates).
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