LaSalle Investment Management (“LaSalle”), the global real estate investment manager with $43 billion in funds under management, has grown its UK shopping centres under management from 2.2 million square feet in 2008 to 4.3 million square feet since 2008 to secure fourth place in the Going Shopping 2011 Definitive Guide to Shopping Centres,  produced by Trevor Wood Associates.* In total, LaSalle currently manages 23 shopping centres, with a combined market value of £1.3 billion. 

Steve Spray, Director, said “We are delighted to have grown our business by such a margin over the past few years.  Our success in this area reflects the strong performance that we have been able to deliver for our clients through a combination of stock selection and active management.”

LaSalle was one of the few managers successfully to call the market in 2009 with a number of acquisitions which have subsequently performed very strongly with the recovery of shopping centre values, including The Victoria Centre, Harrogate, Royal Priors, Leamington Spa, The Howard Centre, Welwyn Garden City, The Broadway and Bexleyheath.

As demonstration of the company’s strong focus on asset management, LaSalle recently announced a number of significant lettings including Superdry in York and Swansea, Primark and Topshop in Chelmsford, River Island at Halifax and Poundstrcher at its newest acquisition, The Pavilion Shopping Centre in Thornaby.

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* The Definitive Guide to Shopping Centres: Going Shopping 2011 by Trevor Wood Associates.  01494 715 846