LaSalle signs agreement for the acquisition of landmark RTL building on Rue Bayard in Paris

PARIS (August 30, 2017) — LaSalle has signed a promissory agreement with RTL Group for the acquisition of the ‘Infinite’ building on behalf of one of its pan-European funds.

Infinite is an office building of 8,000 m2 entirely occupied by the two popular French radio stations, RTL and RTL2. Located on the Rue Bayard in the 8th quarter in Paris, the building is exceptionally well-placed in the heart of the Central Business District, and is close to the renowned avenues of Champs-Élysées, Montaigne and George V.

This landmark building will undergo a renovation program upon the departure of RTL, who are planning to relocate to Neuilly-sur-Seine in the West of Paris.

Karim Habra, Head of France at LaSalle Investment Management, said: “As a landmark building in the Paris Golden Triangle, Infinite is a unique investment opportunity which we believe offers strong upside value. After our acquisition of 69 Boulevard Haussmann at the beginning of this year, this project underlines our ability to identify prestigious properties in the Paris CBD. It also demonstrates the team’s extensive skillset and expertise in building a diversified and sustainable portfolio of Core, Core+ and Value-Add assets in France, while seeking to generate superior performance for our investors.”

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 $64 billion of assets in private and public real estate property and debt investments as of Q4 2018. 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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