News

TOKYO (September 07, 2020) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced it has completed the global public offering of LaSalle Logiport REIT (“LLR”), raising newly issued equity capital of 48.5 billion yen (approximately USD 456 million) on the back of strong demand from Japanese institutional trusts, regional banks, international institutional investors and retail investors in Japan. This marks the first global public offering of a Japanese real estate investment trust (“J-REIT”) since the start of the global Covid-19 pandemic in early 2020.

SINGAPORE (August 17, 2020) — Economies around the world have been damaged more severely than any peacetime event since World War II. Although none of us predicted a pandemic, it took this kind of tail-risk event to derail the Asia-Pacific region, the fastest growing region in the world. However, the combination of high levels of trust in Asia Pacific governments, an earlier start to the downturn and recovery, unprecedented monetary and fiscal stimulus packages, and the region’s important role in global supply chains, especially China lends resilience to the region. These macro factors, combined with high-frequency indicators, shed light upon our outlook for Asia Pacific economies and real estate markets, despite the uncertain duration of the pandemic, according to LaSalle’s mid-year Investment Strategy Annual (ISA) report.

CHICAGO (August 14, 2020) — While robust fiscal and monetary policy support has helped mitigate the economic impact of the pandemic in North America thus far, the performance of property markets and asset classes across the U.S. and Canada over the near- and long-term will vary significantly. These variances will be attributed to divergent health policies, consumer behavior around disease mitigation strategies and shifting lifestyle preferences. Despite these uncertainties, real estate remains a shock absorber against economic volatility, and the benefits of real estate for portfolio diversification and risk management have shone through amid the turmoil.

CHICAGO AND NEW YORK (August 10, 2020) — LaSalle Investment Management (“LaSalle”) today announced its U.S. Transactions Group has added veteran experience with the hiring of Brett Hopkins as Acquisitions Officer. Brett joins LaSalle from Torchlight Investors where he was a senior member of the acquisitions and originations team responsible for sourcing equity and high-yield debt opportunities.

LONDON (August 07, 2020) — The COVID-19 crisis has created unprecedented dispersion in the performance of the different types of principal real estate assets, primarily by accelerating pre-existing trends affecting European property markets, according to the 2020 Mid-Year Investment Strategy Annual (“Mid-Year ISA”) published by LaSalle Investment Management (“LaSalle”), the global real estate investment manager. While global transaction volumes fell sharply in H1 2020, long-standing factors such as the rise of logistics, the decline of apparel retailers and the mainstreaming of alternative sectors continued to drive real estate investment flows in the first half of the year

CHICAGO AND NEW YORK (August 05, 2020) — LaSalle Investment Management (“LaSalle”) today announced that its U.S. value-add fund series, LaSalle Income & Growth, has bolstered its investment team with the hiring of Jeff Shuster as Managing Director and Senior Acquisitions Officer. Jeff joins LaSalle from Starwood Capital Group, where he worked in a variety of roles of increasing responsibility since 2008.

CHICAGO AND LONDON (August 04, 2020) — LaSalle Investment Management (“LaSalle”) today announced that Brian Klinksiek will join LaSalle as Head of European Research and Global Portfolio Strategies, effective 15 September 2020. Based in London, he will report to Global and Interim Europe CEO Jeff Jacobson, as well as Global Head of Research & Strategy Jacques Gordon.

PARIS (July 31, 2020) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces the sale of the “Sainte-Cécile” office building in Paris to Deka Immobilien for €165 million. The asset was acquired in March 2020 on behalf of LaSalle’s pan-European open-ended fund, Encore+, as part of a sale-and-leaseback transaction with BNP Paribas that also included the [adjoining] landmark office building “Bergère”.

WARSAW (July 29, 2020) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has managed the acquisition of a portfolio of two inner-city logistics parks in Warsaw on behalf of LaSalle E-REGI. which was developed by Panattoni Europe, the largest logistics developer in Europe.

CHICAGO (July 13, 2020) — LaSalle Investment Management (“LaSalle”) today announced it is supporting the American Red Cross by hosting blood drives across its U.S. property portfolio through 2021. This is especially important as hospitals resume surgical procedures and patient treatments that were temporarily paused earlier this spring in response to the COVID-19 pandemic.