William Pears Group (“William Pears”) and LaSalle Investment Management (“LaSalle”) today announced the purchase of the Notting Hill Estate from Land Securities and Delancey.

The Notting Hill Estate is situated along Notting Hill Gate and Kensington Church Street in West London and is comprised primarily of prime retail shops and restaurants along with office accommodation, a cinema and car parking spaces.

Jonathan Rose, Property Director at William Pears Group said, "It is very rare that you have the opportunity to purchase an estate of 4.5 acres in such a salubrious part of London.  There are a number of development, refurbishment and asset management opportunities on the estate which we will exploit.  We look forward to working with LaSalle Investment Management.” 

Amy Aznar, Head of Special Situations at LaSalle Investment Management said, “This investment fits with our strategy of investing in high quality assets in superior locations that offer interesting potential upside through active asset management.”

CWM advised the William Pears group and Lewis and Partners advised LaSalle Investment Management.

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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.