News

PARIS (July 03, 2019) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, is pleased to announce that it has acquired a serviced-apartment development pre-let to Staycity in Courbevoie, in close proximity to La Défense, on behalf of LaSalle E-REGI. It was acquired from Kaufman & Broad on a forward-funding investment (VEFA contract).

MADRID (July 02, 2019) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces that it has extended its first development loan of €20.5 million from the expanded LaSalle Residential Finance Europe programme (“LRF”) to Amro Real Estate Partners. The development is a 360-bed purpose-built student accommodation in Granada and the proposed scheme will be approx. 10,495sqm across two buildings. In addition, the scheme will provide desirable and high-quality amenities such as a swimming pool, a multi-sport court, cinema room and study library.

MADRID (July 01, 2019) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, acquired a portfolio of six properties of MAKRO Spain from METRO PROPERTIES, the real estate company of METRO AG, as part of a sale-and-lease-back transaction. The portfolio was acquired on behalf of French public service pension scheme ERAFP for €73 million. The transaction was closed in June 2019. Following the transaction, MAKRO Spain will remain the sole tenant of all six assets with a 15-year fixed lease term with extension options.

CHICAGO (June 25, 2019) — LaSalle Investment Management (“LaSalle”) was named a Gold-level Green Lease Leader at the BOMA International Conference in Salt Lake City, Utah, an annual event that brings together thousands of commercial real estate professionals to share the latest industry trends and operational best practices. 

SHANGHAI (June 17, 2019) — LaSalle Investment Management (“LaSalle”) today announces it has commenced construction on five new LaSalle Logiport logistics developments in Shanghai Qingpu, Suzhou, Jiaxing, Chongqing and Xi’an.  The projects are expected to deliver leasable GFA of 359,000 sqm upon completion in early 2020.

LONDON (May 08, 2019) — LaSalle is pleased to announce the launch of the LaSalle Whole Loan Strategies programme by its Debt & Special Situations team. This is a €600 million programme focused on originating whole loans secured against real estate in Western Europe and the Nordics. The programme’s strategy is to originate and hold whole loans with loan-to-values ranging from 70 per cent up to c.80 per cent across various asset types. The strategy targets financings between €25 million and €100 million plus.

WARSAW (May 02, 2019) — LaSalle has managed the acquisition of an office building, Wronia 31, with excellent sustainability credentials in Warsaw’s City Centre west zone from Ghelamco, on behalf of the pan-European fund Encore+. This dynamic market is the fastest developing market and is emerging as a major business location in Warsaw.

PARIS (April 17, 2019) — LaSalle has managed the acquisition of a high-quality office development on rue Jeanne d’Arc from AG Real Estate, on behalf of the pan-European fund Encore+; this is a forward-funding investment (VEFA contract). The property has a strategic location in the 13th arrondissement near to the world's largest tech start-up incubator, Station F, which was opened in 2017 under the initiative of Xavier Niel.

CHICAGO (April 10, 2019) — LaSalle Investment Management (“LaSalle”) is proud to announce that it has received the 2019 ENERGY STAR® Partner of the Year Award for its outstanding leadership and demonstrated improvement in energy performance of commercial buildings through a portfolio-wide energy program.

MUNICH (April 03, 2019) — LaSalle has acquired Westend Yards, a Munich office property, on behalf of the Encore+ fund, its Pan-European core fund.