LaSalle acquires logistics property in the U.S. on behalf of BÄV

February 26 2014 - Under a global property mandate, LaSalle Investment Management has acquired a logistics property in North America on behalf of Bayerische Ärzteversorgung (BÄV - Bavarian doctors’ pension fund), one of the twelve pension institutions of BVK (the Bavarian umbrella pension scheme for self-employed professionals - including doctors, lawyers and architects).

Under a global property mandate, LaSalle Investment Management has acquired a logistics property in North America on behalf of Bayerische Ärzteversorgung (BÄV - Bavarian doctors’ pension fund), one of the twelve pension institutions of BVK (the Bavarian umbrella pension scheme for self-employed professionals - including doctors, lawyers and architects).

The property is located in the greater Chicago area and has a total rentable floor space of c 80.000 m². The property was completed in early 2014 and has been let on a long-term basis. The purchase price was c. €38m. The property was sold by Pizzuti Development Company. 

About LaSalle Investment Management 

LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $60 billion as of Q1 2018 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com

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