PARIS (22 January 2010) - LaSalle Investment Management (“LaSalle”) today announced that, on behalf of the LaSalle French Fund II,  it has completed a lease on a major warehouse unit in Paris, France with POINT P, part of the Saint Gobain Group.

POINT P has signed a nine year lease, with a firm period of 7 years, for 51,000 square metres out of a total 64,000 square metres of stockage, which comprises eight units at a headline rent of 52 €/m²/year/HT/HC.

The Class A warehouse, which was developed in 2008 by GSE Group, is located in the Paris region of Brie-Comte-Robert, south-east of the City centre and well positioned for transport and other infrastructure.

Helen Garbutt, Director, LaSalle Investment Management said, “We are delighted that a tenant of the calibre of POINT P has leased this prime warehouse unit and believe that this demonstrates the continued strength of the Paris region as well as the specific qualities of the development.”

LaSalle and Point P were advised by BNP Paribas Real Estate.

The advisor indicated that this lease represents approximately 18% of overall logistic letting transactions in the Paris region for prime warehouses in 2009.

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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.