Henderson Global Investors has acquired Christ's Lane, a prime high street asset in Cambridge, from Land Securities, for £33. mln (almost EUR 39 mln), reflecting a 5.25% net initial yield. Henderson has acquired the asset on behalf of its German joint venture - Warburg-Henderson.

The scheme, which comprises of 5,700 m2 of retail and 15 apartments, houses fashion and home ware brands including Zara, H&M, Bank, Starbucks, Fired Earth/AGA and Feather and Black.

Henderson completed £300 mln of transactions for Warburg-Henderson in the UK in 2010.

MMX Retail acted on behalf of Henderson and Griffiths Eccles on behalf of Land Securities.