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Thilo Wagner

TH Real Estate launches new German retail mandate

TH Real Estate will launch a new segregated account, focused on investment in core/core plus retail warehouse assets in Germany, on behalf of a German insurance company.

The new Fund will be an open-ended real estate special AIF administered via the platform of IntReal.

Targeting supermarket-anchored retail warehouses, the 10 year vehicle will launch with initial equity of c.€250m. The first asset acquisition is already in the pipeline and with a target completion date of Q4 2015.

The launch of this mandate follows the success of TH Real Estate’s Core German Retail Fund, which launched in April 2014. Investing in core/core-plus German retail including retail parks, hybrid malls and inner city shopping centres, the fund has a target investment volume of €400m.

Thilo Wagner, Director of Investment, Germany, TH Real Estate, who will be responsible for managing the mandate, comments: “We have had tremendous success with our German spezialfonds franchise, which has demonstrated consistent growth since 2011. The platform now consists of three funds and one mandate with a combined total AUM of c.€800m.

We believe it is an excellent time to invest in retail and anticipate strong prospects for this account: The German retail sector continues to attract interest from a growing number of international investors, who favour retail for its long term defensive qualities and asset management potential, thereby putting pressure on pricing for the best assets. This is supported by improvements in both consumer and retailer sentiment, and modest recovery in the occupational market.”

Disclaimer
Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice. COMP201500270

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