August 22, 2016
CHICAGO (August 22, 2016) –- LaSalle is pleased to announce the launch of LaSalle Asia Opportunity V (“the Fund”), the fifth in its series of closed-end, pan-Asia opportunistic funds. LaSalle is targeting a first close of US$300-US$400 million in October and currently has executed/pending commitments from existing institutional investors in North America and Europe representing more than half of this target. The total fund size is expected to be US$750 million, with a cap of US$1 billion.
July 26, 2016
LONDON (July 26, 2016) LaSalle Investment Management’s Debt Investment & Special Situations team is delighted to announce that LaSalle Residential Fund II (“LRF”) has extended a £110m whole loan facility to finance the development of City North, a mixed use development in Finsbury Park, London.
July 25, 2016
CHICAGO (July 25, 2016) - LaSalle is pleased to announce that John McKinlay will be joining the firm as CEO of LaSalle Canada effective August 9, 2016. John will be based in LaSalle’s Toronto office, and will lead the 19 person team. Zelick Altman, LaSalle Canada’s CEO for the past 11 years, will transition to Executive Chairman of LaSalle Canada and remain President of the LaSalle Canada Income & Growth Funds.
July 19, 2016
Chicago (July 19, 2016) – Fluctuations in the real estate market caused by the UK’s vote to leave the European Union is likely to be shorter-lived and less severe than many investors fear, according to LaSalle Investment Management’s mid-year Investment Strategy Annual (‘ISA’) 2016.
July 17, 2016
LONDON (July 17, 2016) – LaSalle has agreed to acquire 497 build to rent apartments in Manchester, for around £110 million from Renaker Build, the region’s leading residential developer.
July 14, 2016
CHICAGO (July 14, 2016) – LaSalle announced today that its global headquarters at 333 West Wacker Drive in Chicago earned LEED Commercial Interiors (CI) Gold Certification by the U.S. Green Building Council (USGBC) for its office relocation project. The LEED Gold CI Certification applies specifically to LaSalle’s office space on the 23rd floor at 333 West Wacker Drive.
July 05, 2016
CHICAGO (July 4, 2016) – LaSalle is very pleased to announce that Alok Gaur will be joining the firm as Co-Head of its Client Capital Group effective from July 18th. Alok will be based in LaSalle’s headquarters office in Chicago, and will jointly lead the 35 person global client relationship, capital raising, branding and public relations team with Jon Zehner, who is based in London.
May 26, 2016
LONDON (May 26, 2016) – LaSalle has made its first acquisition in the Czech Republic on behalf of the French public service additional pension scheme “ERAFP”. It has purchased buildings located on Na Příkopě 23,25 and 27 from a private owner for approximately €80 million.
May 24, 2016
VANCOUVER (May 24, 2016) – LaSalle announced it has acquired The Junction, a strategically-located Class A, grocery-anchored shopping centre located in the District of Mission, British Columbia, a community in Fraser Valley, within the greater Vancouver region. LaSalle acquired the property from RioCan Real Estate Investment Trust and Kimco Realty for $68.05 million.
May 19, 2016
LONDON (May 19, 2016) – LaSalle has made another investment on behalf of the Pan-European Fund, Encore+, which it co-manages with Aviva Investors, the global asset management business of Aviva plc. The Eurocenter II office building at Amsterdam’s South Axis, the city’s central business district, was acquired from Stichting Philips Pensioenfonds for an undisclosed sum.