Henderson Global Investors’ German joint venture, Warburg–Henderson KAG, has completed the equity raise for its property fund, Warburg–Henderson Österreich Fonds Nr 2. The fund has raised €180 million of equity commitments from German and Austrian investors, which provides it with approximately €360 million of firepower to deploy in the Austrian property market, including debt.

The investment focus is on core to core-plus retail properties across Austria as well as office properties specifically in Vienna. Initial acquisitions have included a 4,700-square-metre retail warehouse in Vienna; a 10,400-square-metre retail asset, Intersport Eybl, in Vienna; a 15,000-square-metre fully-let retail warehouse in Fürstenfeld; the Stadtparkcenter shopping centre in Spittal an der Drau; and the 13,440-