News

CHICAGO, LONDON AND SINGAPORE (September 20, 2018) — LaSalle Investment Management (“LaSalle”) is pleased to announce it has earned high marks across two industry-recognized global environmental, social and governance (ESG) benchmarks for asset managers, and has joined the United Nations Environmental Programme – Finance Initiative’s Task Force on Climate-Related Financial Disclosure (TCFD) Investor Pilot, an advocacy group aimed at promoting climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers and other stakeholders.

LONDON (September 17, 2018) — LaSalle announces the acquisition of a Travelodge hotel adjacent to Euston station; this is a 150-room budget hotel located at Grafton Place in central London. The freehold asset was acquired from a syndicate of private investors for £40 million.

PARIS (September 06, 2018) — LaSalle et J.P. Morgan Asset Management (« J.P. Morgan ») annoncent, pour le compte de deux fonds pan-européens, la signature d’un bail ferme de 10 ans sur une surface de 14.000 m2 avec Chronopost le n°1 français de la livraison express, au sein de l’immeuble de bureaux Magnetik, situé au 1-11 boulevard Romain Rolland dans le 14ème arrondissement de Paris.

LONDON (August 23, 2018) — LaSalle has exchanged contracts on Plumtree Court, the Goldman Sachs’ European headquarters, on behalf of Korea’s National Pension Service (“NPS”); completion of the acquisition is set to take place in January 2019.

TORONTO (August 15, 2018) — LaSalle Investment Management (“LaSalle”) is pleased to announce that LaSalle Canada Property Fund (“LCPF” or “the Fund”), the firm’s flagship open-ended core real estate fund in Canada, has secured up to C$350 million of new capital commitments to add to its initial seed investment and launch in December, 2017. The new investments were made by a multilateral government pension fund, a European-based global financial institution that accessed the Fund through a parallel structure established in Luxembourg to allow access to certain European investors, as well as by LaSalle Investment Management and its employees.

SINGAPORE / HONG KONG (August 12, 2018) — Lum Chang-LaSalle Joint Venture Unveils Name and Visual Brand Identity of Integrated Development at Serangoon Road

SYDNEY / SINGAPORE / HONG KONG (July 31, 2018) — LaSalle announces that global space, community, and services company, WeWork has signed a 12-year lease for 5,250 sqm of commercial office space at 222 Exhibition Street, a mixed-use retail and commercial tower located in Melbourne’s CBD. WeWork will occupy four levels in the building, including a 1,228 sqm outdoor terrace area on Level 7 which serves as a spectacular extension of the traditional office space. The lease agreement also includes building signage rights.

MADRID (July 30, 2018) — Encore+, the open-ended Continental European real estate fund, has acquired a portfolio of three freehold assets in Madrid on a sale and leaseback-basis; these are occupied by cash-and-carry operator Makro on a 15-year firm lease; LaSalle’s Green lease clauses have been included in the lease agreement. The portfolio comprises wholesale retail with additional office space and was acquired from Makro, a subsidiary of the Metro AG. The three wholesale retail units are situated in the dense urban locations of Paseo Imperial, Barajas and Alcobendas.

CHICAGO (July 26, 2018) — According to LaSalle Investment Management’s (“LaSalle”) Mid-Year Investment Strategy Annual (“Mid-Year ISA”) 2018, the real estate portfolio strategies recommended in last December’s ISA generally held up against both expected and unexpected market forces throughout North America, despite being faced with abrupt changes including structural and cyclical shifts. In summary, real estate continued to perform as a “shock absorber” against market volatility that picked up in both the fixed income and equity markets. The U.S. and Canadian real estate markets continue to see the Goldilocks theme holding up as the odds of a financial crisis or a major global recession remain very low for the rest of year. Looking ahead, the probability for a continued global expansion remains high for 2019.

CHICAGO (July 24, 2018) — LaSalle Investment Management (“LaSalle”) announced today that it has acquired Memorial Hermann Medical Plaza (“MHMP” or “the property”), a trophy medical office tower in Houston, on behalf of its U.S. core open-end real estate fund, LaSalle Property Fund (“LPF”). The seller, which opened the property in 2007, is a partnership comprising Mischer Healthcare, Memorial Hermann Health System (“Memorial Hermann”) and other private investors. Scott Galloway, Colby Mueck and Rusty Tamlyn with HFF represented the sellers in the transaction.