News

CHICAGO (December 22, 2017) — LaSalle Investment Management (“LaSalle”) announced the acquisition of Greenway Commons, a premiere Costco-anchored, regional shopping center located at 3830 Richmond Avenue in Houston. LaSalle purchased this retail property on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”).

CHICAGO (December 19, 2017) — Market direction throughout North America expected to continue balanced pace given steady U.S. job growth and Canadian economy’s adjustment to lower oil prices A stable 2018 is expected for both the U.S. and Canadian economies and the countries’ respective real estate markets, given balanced fundamentals and moderate expectations. The headline noise heard throughout 2017 proved to be just that, as capital markets continue to be resilient. Long-term secular trends continue to evolve and drive strong financial performance. The construction of portfolios that balance “goldilocks” and “bear” scenarios are recommended in LaSalle Investment Management’s Investment Strategy Annual (ISA) 2018.

PARIS (December 18, 2017) — LaSalle has acquired an office building for its LaSalle E-REGI fund. The property is located on the 25 rue de Clichy in the 9th arrondissement of Paris. This is the fifth acquisition so far for the fund in 2017 and will increase its gross asset value to €625 million.

TORONTO (December 18, 2017) — LaSalle Investment Management (“LaSalle”) is pleased to announce the launch of LaSalle Canada Property Fund (the “Fund” or “LCPF”), its first open-ended real estate fund targeting core properties in major markets across Canada. The Fund is targeting commitments from Canadian and global institutional investors seeking access to the Canadian real estate market through a diversified, income-oriented vehicle.

HONG KONG (December 15, 2017) — LaSalle Investment Management (“LaSalle”) is pleased to announce that 222 Exhibition Street, a 29-storey office building in Melbourne, has won the Collaborative Partnerships Award presented by the Facilities Management Association (FMA) for the building’s predictive maintenance system. The predictive maintenance system is unique amongst Australian commercial buildings and its implementation is part of LaSalle’s wider initiative to drive innovation in sustainable practices across its property investments.

CHICAGO (December 13, 2017) — LaSalle Investment Management (“LaSalle”) announced the acquisition of  Legacy at Highlands Ranch, a 422-unit garden-style apartment community located at 355 West Burgundy Street in Highlands Ranch, Colorado. LaSalle purchased this multifamily property on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (LPF).

LONDON (December 11, 2017) — LaSalle announces that it has purchased the Sainsbury’s superstore in South Woodford on behalf of a client for £36.75 million.

MUNICH (December 11, 2017) — LaSalle has acquired Barckhausstrasse 12-16, a state-of-the-art office building in one of the most established submarkets of Frankfurt. The asset was acquired by LaSalle on behalf of the investment foundation Testina and is the segregated mandate’s first investment in Germany.

SEOUL (December 05, 2017) — LaSalle Investment Management (“LaSalle”) today announced the completion of Logiport Icheon, a modern logistics warehouse located in Icheon, south of Seoul. Tour the asset in virtual reality here: http://721.gigacre.com/tour/b8395e837cf396f6

PARIS (November 27, 2017) — Encore+ has entered into a joint venture arrangement for the purpose of indirectly acquiring a 50.1% share in the Place des Halles shopping centre in Strasbourg, France. A separate account client of LaSalle Investment Management is the joint venture partner and is acquiring 49.9%.  The total purchase price is €291 million and completion is anticipated to occur before year end, subject to the satisfaction or waiver of usual conditions precedent.