Lending

LaSalle announces €150 million refinancing of Brookfield European logistics portfolio

The loan will refinance a portfolio of 17 big-box logistics assets across Europe owned by Brookfield through its private real estate funds.
June 4, 2024
  • London (June 4, 2024) – LaSalle Investment Management, the global real estate investment manager, has provided a loan facility of €150 million through its flagship real estate debt fund, LREDS IV, to refinance a portfolio of 17 big-box logistics assets across Europe owned by Brookfield through its private real estate funds.

    Brookfield has partnered with leading development managers Panattoni and Logistik Service to source opportunities, develop and lease the projects. The portfolio includes 17 projects across Sweden, Spain, Germany and Poland, split between six completed projects (five of which are fully let), four in development and seven consented plots. It focuses on grade-A high-specification logistics assets with a typical BREEAM rating of Very Good or Excellent.

    David White, Head of LaSalle Real Estate Debt Strategies, said: “Working with a best-in-class sponsor in Brookfield and two top-tier development managers in Panattoni and Logistik Service means our facility is secured against some of the highest-quality assets and projects available in the European logistics market. Our team works to provide bespoke solutions to our borrower’s needs, and we are pleased to support such a high-quality logistics portfolio.”

    Rohit Srivastava, Managing Director in Brookfield’s Real Estate Group, added: “We are pleased to work with LaSalle to complete this refinancing, which will support the continued growth of our portfolio of big-box logistics assets. The team were able to provide a bespoke financing package that addressed our requirements.”

    Ends

    About LaSalle Investment Management | Investing Today. For Tomorrow.
    LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages almost US $87 billion of assets in private and public real estate property and debt investments as of Q1 2024. 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 www.lasalle.com, and LinkedIn.

    About LaSalle Debt Investments
    LaSalle Debt Investments is part of LaSalle’s growing $US 10 billion Debt and Value-Add Strategies platform in Europe and invests in a diverse range of real estate credit solutions – spanning senior loans, whole loans, mezzanine, development finance, corporate finance, NAV facilities and preferred equity – with significant experience across various sectors, geographies, deal sizes and capital structures. Since launching the business line in 2010, LaSalle has been one of Europe’s most active alternative real estate debt providers with a long track record of lending to best-in-class sponsors.

    Marketing Disclaimer: This information 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 information purposes only 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. Please refer to the offering documents Encore+ for detailed information on the risks, reward and performance information of the Fund.

    Company news

    Jul 16, 2024 TE Capital-LaSalle JV launches sales of Visioncrest Orchard in Singapore Visioncrest Orchard is a freehold Grade A commercial strata development located in the heart of Singapore’s prime Orchard Road precinct.
    Jul 09, 2024 LaSalle Americas names Kyle Dupree Head of Asset Management and Pat Pelling Head of Transactions Both are long-time LaSalle veterans who will report to Brad Gries, Head of Americas, in their new roles.
    A headshot of Brad Gries, Co-Head of the Americas, for LaSalle Investment Management.
    Jun 05, 2024 Brad Gries named Head of Americas at LaSalle Brad will retain his position as Chair of the LaSalle Americas Investment Committee, resume his role as Co-CIO for LaSalle Americas and maintain his role as part of the Global Management Committee.

    No results found

    Make sure you’ve spelled everything correctly, or try searching for something else. If you still can’t find what you’re looking for, you can always Contact us to talk to someone.