LaSalle E-REGI Fund acquires logistics and wholesale asset in Heppenheim

MUNICH (August 08, 2019) — LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has acquired a logistics and a wholesale property located in Heppenheim, Germany, for its LaSalle E-REGI fund. LaSalle has bought the assets from three private vendors.

The assets comprise a motorway logistics property and a retail property, both of which are fully let to prestigious international tenants. The former, a state-of-the-art new-build distribution facility acquired from GbR Biskupek-Scheinert-Klotz, has a rental area of over 18,000m2 and is leased exclusively to Henry Schein, the global medical product distributor. The latteris a wholesale property with over 5,000m2 rental area that was purpose-built for MetroGastro, its sole tenant and a subsidiary of Cash & Carry operator Metro group.

Located in Heppenheim, south of Frankfurt, the two assets sit between two metropolitan regions - Frankfurt/Rhine-Main and Rhine-Neckar – with a combined population of over 8 million. The properties benefit from strong transport links, including Europe’s leading freight airport in Frankfurt, less than a half-hour’s drive away; the nearby Mannheim-Handelshafen container terminal, Europe’s second largest inland port with rail and river connections to European business and transportation centres; and the major A5 and A67 highways.

Uwe Rempis, Fund Manager at LaSalle Investment Management, said: “With the long-term growth of e-commerce continuing to drive an increase in demand for well-located logistics assets, we have been seeking opportunities to further increase the LaSalle E-REGI fund’s allocation to the logistics sector. These assets are modern and attractively situated, fitting our criteria and offering further sectoral diversification to our investors. We are pleased to have acquired two properties that offer stable long-term rental income secured against high-quality tenants in market-leading positions.”

LaSalle worked on the transaction with Knight frank (Broker), Taylor Wessing (Legal), Gleeds (Technical & Environmental), Wuest Partner (Valuation), KPMG (Tax) and JLL (Buy-Side Advice).

The LaSalle E-REGI fund is an open-ended pan-European real estate fund that aims to generate stable income return from a diversified core portfolio (office, retail, logistics) in transparent markets. The investment strategy is based on a quantitative model, the European Regional Economic Growth Index (E-REGI), which has been developed by LaSalle since 1999 and identifies the cities and regions across Europe that have the greatest economic growth potential over the short to medium term. The Fund also includes additional screening filters such as JLL`s Global Real Estate Transparency Index and minimum market size.

About LaSalle Investment Management 

LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately $68.4 billion of assets in private and public real estate property and debt investments as of Q1 2019. 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. For more information please visit http://www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

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