Warburg-Henderson has set up a new European fund, European Core Property Fund No. 1, with a target size of EUR 1 bn. The fund made its first acquisition in Hamburg on Wednesday when it bought a mixed-use office and commercial asset in the town centre. The property is rented to the German company Framode, German newspaper Immobilien Zeitung reported.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
