LaSalle Investment Management on Monday announced the acquisition of a prime retail unit on Exeter High Street for £2.9 mln (EUR 3.3 mln). The deal follows LaSalle's acquisition of two additional units (231/231a) on Exeter High Street in July 2009 for a pension fund client.The purchase price reflects a net initial yield of 7.21%.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
