Henderson Global Investors Announces New UK Industrial Fund

Henderson Global Investors (HGI) has announced the launch of an Industrial Income Fund in partnership Centurion Properties. According to the announcement they hope to raise £100 million from investors during the first three quarters of 2013.

HGI – Courtesy CCT.com

With a focus on industrial assets, the fund’s strategy is focused on short to mid-term income streams with a net distribution yield of some six and a half percent and an IRR of eight point five over the fund’s life.

Andy Schofield, Director of Research, at Henderson Property, offered this about the new fund:

“The industrial sector of the UK property market has typically attracted investors looking for sustainable income. The events of the last few years mean that many of the players that usually dominate the sector are hamstrung by a combination of legacy issues and the scarcity of bank debt. In short, there are very few viable buyers.”

Schofield goes on to suggest the opportunity that exists within this sector, and leveraging a disconnect investors have had with UK industrial  a niche he says will soon become Britain’s most attractive investment market.

Meanwhile, Julian Rooth, CEO at Centurion Properties, had this to say about the news fund:

“This Fund represents an opportunity for investors to gain access to diversified multi-let industrial assets with sustainable high income streams. In the current low growth/low interest rate environment, investor attention is turning, and will continue to turn, towards income as the primary generator of total return. Over time, demand for assets that generate sustainable income will increase. The Henderson UK Industrial Income Fund will exploit this market trend.”

In other recent movement from HGI, the firm’s German contingent announced plans to acquire as many as eight new properties in the German warehouse segment in the short term. Retail, office, and warehouse potential in France, management moves in Sweden retail space management, and even a US residential fund (PDF) highlight HGI news in other markets.

For more information we suggest interested readers connect with HGI at:

Henderson Global Investors    

Gemma Bradley, Associate Director of PR, Property
T: +44 (0)20 7818 4441
E: gemma.bradley@henderson.com
Al Twitty

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