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Henderson Global Investors and Palmira acquire logistics park in Winsen an der Luhe, Germany

Henderson Global Investors and Palmira Capital Partner have acquired a logistics park in Winsen an der Luhe, Germany on behalf of the Henderson German Logistics Fund. The asset was acquired from a fund managed by Captiva Capital Management. The purchase price has not been disclosed. It represents the fifth acquisition for the Fund following assets in Bad Durkheim, Elmenhorst near Hamburg, Herrenberg near Stuttgart and Bruchsal in South Germany.

Henderson Global Investors and Palmira Capital Partner have acquired a logistics park in Winsen an der Luhe, Germany on behalf of the Henderson German Logistics Fund. The asset was acquired from a fund managed by Captiva Capital Management. The purchase price has not been disclosed. It represents the fifth acquisition for the Fund following assets in Bad Durkheim, Elmenhorst near Hamburg, Herrenberg near Stuttgart and Bruchsal in South Germany.

The asset which was completed in 2010, is situated in the south of Hamburg and consists of one building with over 12,300 sqm of logistic space and over 600 sqm of office space. The park is certified ‘DNGB gold’ for sustainability. The anchor tenant Dedon is a worldwide operating company specialized in luxurious outdoor furniture. The remaining term of the lease is eight years.

Thorsten Kiel, Manager of the Fund said: “This acquisition was an excellent fit for our Fund which targets existing schemes with strong covenants and secure leases already in place.”

The Henderson German Logistics Fund is a partnership between Henderson’s German Property Business and Palmira Capital Partner, a specialist in logistic real estate acting as Investment Advisor to the Fund. Consulting firm REAG advised Henderson and Palmira on technical matters. All other aspects were managed by law firm Graf von Westphalen.

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