LaSalle debt financing team tops €700m in deals in Europe for 2014
LONDON February 18, 2015 – LaSalle Investment Management’s debt financing team closed arrangements totaling €714m in Europe in 2014 as increased liquidity from Central Banks fed through to the property market.
The team closed deals with 15 lenders across 5 countries last year – in Germany, France, the UK, Sweden and The Netherlands – to support LaSalle’s investment vehicles’ borrowing needs. That was an increase of 3% on 2013, and brings to €2.6 billion the value of debt arrangements secured by the group in the last three years.
LaSalle’s in-house debt financing team advises the firm’s investors on how and where to obtain loans to support their strategies.
Roberto Carrera, LaSalle’s European Head of Financing said: “The liquidity flood unleashed by European central banks have led swap rates to tumble across the board and some of this liquidity has reached property financing fueling increased competition particularly among Senior property lenders.As Senior Lenders search for their niche, more than ever investors therefore need to ensure they partner with the right lender to meet their goals.”
LaSalle’s in-house debt financing team manages a loan book of €2.3 billion across multiple European countries.
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
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