LaSalle Investment Management has leased out a unit in a retail centre located in Donauwörther Straße in Augsburg, Germany, on behalf of its LaSalle German Income and Growth Fund (LGIG). The 236sqms of floor space on the ground floor have been occupied by the renowned fashion discounter Ernsting’s Family on a 10 year lease. Other tenants include a drug store and a pet store, while the anchor tenant is Edeka.

Riebel Augsburg Projekt Donauwörther Straße GmbH & Co. KG, which had previously sold the centre, was responsible for letting the unit and will also undertake the tenant fit out.

The LaSalle German Income fund Growth Fund is a closed property fund investing in German commercial properties. Its total volume amounts to approximately €1 billion.

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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.