Asset manager Henderson Global Investors has announced that the second closing of Herald, its pan-European retail property fund, raised EUR 280 mln in additional equity. The fund has so far raised over EUR 700 mln of equity and should reach a fully invested fund size of about EUR 1.5 bn.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
