Plans to raise property funds of 500 million Euros
In a move to focus more on developed markets, Henderson Global Investors is looking to raise funds of at least 500 million Euros ($643.5 million) this year.
Due to the recent crash in property prices all around the world, many investors are shying away from taking any unprecedented risks.
Henderson Global Investors plans to introduce at least two property funds, targeting mostly prime malls and offices in Paris and London. The group currently manages property assets worth around 10 billion Euros all around the world.
According to the head of property research at Henderson Global Investors, Alice Breheny, offices in central London are definitely a strong ‘buy’ recommendation. The company also likes the French retail sector because of the fundamentals of strong supply and demand.
She also expects the commercial property values in the United Kingdom to improve by the year end, followed by improvements in other key property markets like France and Germany in Europe.
The current global economic crisis, sparked by the collapse of the US home loan market, has forced property investors to avoid unfamiliar and risky property markets and invest in markets closer to home. The investment market in the UK has seen the sharpest falls in a long time but is expected to bounce back shortly.
Popularity: 11%
More News| Catering London here at a great price |
| IT Support London |
Comments
Got something to say?
Latest Property Headlines
- Beautify your Bathroom
- Maintenance of the house
- It’s all in the detail
- Areas of the house to invest in
- New site for Morrisons
- The 2010 election
- Is Spring the best time to sell houses?
- Alternative energy for your house build
- Finding the right bargains
- Will the property market effect your election vote?