Henderson fund trades £44m stake on Propertymatch

Some £44m of units in Henderson’s UK Shopping Centre Fund have been sold in a single trade through the Propertymatch online platform.

The stake in the fund was acquired at an 8% discount to February net asset value. It is the second large trade on the platform in the first quarter of 2012 after €58m traded in Henderson’s European Outlet Mall Fund, at December INREV NAV.

The Propertymatch service, which aims to improve liquidity in the unlisted funds market, is owned and managed by CBRE which takes a brokerage fee on transactions.

CBRE director Paul Robinson said the service passed €1bn of trades since launch two and half years ago in the first quarter this year.

See May’s issue of Real Estate Capital, published on 21 May, for  profiles of Jones Lang LaSalle Corporate Finance and sovereign wealth fund Norges Bank Investment Management. Plus a special feature on investing in debt, including non-performing loans and mezzanine.