News

SHANGHAI (December 28, 2021) — LaSalle Investment Management (“LaSalle”) recently announced that it has formed a strategic partnership with Jingrui Capital to invest in and develop multifamily projects in China. On top of the announcement of the partnership, LaSalle and Jingrui Capital unveiled their first joint acquisition deal for a distressed retail and hotel property in Shanghai. The property is in Shanghai Hongqiao Transportation Zone and will be renovated as a multifamily project, featuring a total of 583 rental units and retail facilities.

PARIS (December 22, 2021) — LaSalle Investment Management (“LaSalle”) has acquired FedEx Alfortville, a cross-docking warehouse facility located in a prime urban logistics hub on the outskirts of Paris. The asset was acquired on behalf of Encore+, LaSalle’s flagship pan-European fund, from SCPI Accimmo Pierre, managed by BNP Paribas REIM.

CHICAGO (December 21, 2021) — Strong returns and value growth in the second half of 2021, buoyed by outperformance by the industrial and multifamily sectors, are giving real estate strong momentum heading into 2022. The value of U.S. and Canadian real estate relative to other asset classes is leading to strong capital flows and in turn is driving up prices.  LaSalle’s 2022 Investment Strategy Annual (ISA) also speaks to the surprises of 2021 like lingering inflation and sector laggards that are still on investors’ minds.

SYDNEY (December 19, 2021) — LaSalle Investment Management (“LaSalle”) recently announced that it has appointed Simon Howard and Michael Stratton as co-heads of its Australian operations. Their appointments took effect earlier this month, with both reporting to Keith Fujii, Head of Asia Pacific, based in Tokyo.

MADRID (December 15, 2021) — LaSalle has acquired the retail and commercial park “Las Mercedes Retail Park” in the east of Madrid on behalf of its open pan-European fund Encore+ (“the Fund”).

CHICAGO (December 14, 2021) — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with more than $5.5 billion in portfolio assets advised by LaSalle Investment Management, today announced the acquisition of North Tampa Surgery Center, a 13,000-square-foot, newly constructed medical office building in Odessa, Florida. The property is 100 percent leased on a long-term basis to Comprehensive Outpatient Joint and Spine Institute Center. The purchase price was approximately $8.5 million.

CHICAGO (December 13, 2021) — LaSalle Investment Management (“LaSalle”) is pleased to announce it has earned the coveted designation of being a “Best Place to Work in Money Management” according to Pensions & Investments (P&I) for the sixth year in a row.

CHICAGO (December 07, 2021) — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with $5.5 billion in portfolio assets advised by LaSalle Investment Management, today announced the acquisition of Friendship Distribution Center, a newly constructed, four-building industrial portfolio totaling nearly 650,000 square feet. The Class A properties are located in the Atlanta suburb of Buford, Georgia, home to the premier Northeast Atlanta industrial submarket. The purchase price was $95 million.

LONDON (December 01, 2021) — London ranks as Europe’s leading city for projected real-estate occupier demand for the fifth year running in the latest annual edition of the newly named European Cities Growth Index (“ECGI”), published by LaSalle Investment Management (“LaSalle”), the global real estate investment manager. Post-pandemic Paris, however, has closed the gap with its main rival since the 2020 edition, thanks to persistently strong human capital in Paris combined with softening prospects in service sector employment in London.

TOKYO (November 24, 2021) — LaSalle Investment Management (“LaSalle”) has raised JPY 33 billion (US$289 million) in blind-pool capital through its flagship open-end core fund, LaSalle Japan Property Fund (“LJPF”). This is the first time in the domestic market that an open-ended diversified core fund has raised blind-pool capital of this scale.