Acting on behalf of LaSalle French Fund II, LaSalle Investment Management (“LaSalle”) has signed a 12 year firm lease with DCNS, a leading European provider of naval defence systems, for the 12,349 m2 "Le Viala" property located in Paris’ 15th arrondissement, 42 rue du Docteur Finlay. The property was handed over to the Fund in October 2009 after a complete rebuild undertaken by BNP Paribas Immobilier and Ogic as co-developers.
The property is one of the first Parisian buildings to undertake HQE Construction certification, which recognises environmentally friendly construction projects in France. LaSalle Investment Management is now undertaking HQE Exploitation certification (equivalent for property operations) with the cooperation of DCNS through the use of a green lease.
The parties were advised by BNP Paribas Real Estate.
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About LaSalle Investment Management
LaSalle Investment Management, Inc., a member of the Jones Lang LaSalle group (NYSE: JLL), is a leading global real estate investment manager, with approximately $37.5 billion of assets under management (as at Q2 2009) of private and public property equity investments. LaSalle is active across a range of real estate capital and operating markets including private and public, debt and equity and our clients include public and private pension funds, insurance companies, governments, endowments and private individuals from across the globe. For more information, visit www.lasalle.com.
