Henderson Global Investors’ EUR1.4bn European Outlet Mall Fund has seen strong demand for its latest equity raise.

Two institutional investors have already signed commitments with a further interest in the fund’s remaining investment window.

This raised equity, as well as that released from the sale of the fund’s Designer Outlet Centre in Troyes to Resolution Property in April 2010 for EUR85.5m, will enable it to invest an additional EUR140m into its existing portfolio and new assets.

The European Outlet Mall Fund team is currently actively looking to expand the fund’s portfolio through investments in designer outlet centres in Continental Europe.
 
David Williams, fund manager, says: “We are extremely interested in investment opportunities in Germany but we are also very interested in the French and Spanish outlet market. The German outlet sector has a lot of potential which we have already experienced through the success of our designer outlet mall in Berlin, which will open it’s second phase this September and has outperformed since the opening of its first phase in 2009.”

The fund directly owns eight European outlet malls located in France, Italy, Austria, the Netherlands, Belgium and Germany as well as three UK outlets indirectly, with an overall portfolio valued at approximately EUR1.4bn.