LaSalle Investment Management (“LaSalle”) today announced the lettings of  Units 1 & 2, Inchyra Road, Grangemouth, Stirlingshire.

The industrial units comprise approximately 100,000 square feet and have been let for twenty years to Verdo Renewables Limited for £355,000 per annum. Verdo Renewables is a biomass technology company and UK subsidiary of the Danish Verdo Group of Companies.  As a result of the lease, Verdo Renewables will continue to develop its recently built multi million pound wood pellet production facility located on the site.

LaSalle Associate Director Chris Mitchell said: “We are pleased to have secured this lease, which will allow Verdo Renewables to develop its business in the long term in a desirable location.  This lease highlights the continued high demand for quality industrial space situated in sought after locations 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 $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.