Henderson Global Investors has launched a new special fund worth €300 million, targeting European commercial property, Reuters reports. The KOOP Fund will acquire office and retail properties across Europe and is seeking an internal rate of return of 6.5%.

Henderson will oversee the fund’s assets outside of Germany, with developer and property manager HIH Hamburgische Immobilien Handlung responsible for those in the country. Henderson and its joint venture partner in Germany, MM Warburg & Company, have raised €200 million in equity from four local pension funds for the new fund.

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