LaSalle Investment Management (“LaSalle”) today announced the sale of Queensway House, Jersey, for £18,978,000 to Redevco UK Ltd, subsidiary of the leading Dutch property company.

Built in 1975 and fully refurbished in the late 1990s, the property is a modern town centre mixed investment. It covers an area totaling c.38,000 sq ft and is occupied by Monsoon and Next at ground level with offices let to Computeshare and two private flats on the floors above.

The purchaser has acquired the freehold of the property from the Jersey based, dedicated holding company for the property owned by a client of LaSalle’s, Queensway Properties (St Helier) Ltd.

National Head of Retail for Jones Lang LaSalle Adrian Peachey said: “We are pleased to have secured this sale, which will allow Redevco to acquire an attractive investment in a desirable location. I would like to congratulate the team on their endeavours in completing this transaction. “

LaSalle Investment Management spokesperson Ruth McFetridge said: “We are delighted to have concluded this transaction. This sale highlights the continued demand for quality mixed investment space despite the obvious pressure of the economic downturn. “

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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 $39 billion of assets under management 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.