LaSalle Investment Management has launched a new fund called German Income & Growth Venture which is to invest in German commercial property. The total investment volume will be around EUR 1 bn. The fund already has EUR 250 mln capital from institutional investors from North America and Europe. The fund will acquire office, retail and logistic properties with a target price range of EUR 20 mln - EUR 100 mln per deal. The focus will be on office properties, and the geographical focus will be on the Stuttgart area, Munich, the Rhine-Main region, Cologne/Dusseldorf and Hamburg.
LaSalle Investment Management has launched a new fund called German Income & Growth Venture which is to invest in German commercial property. The total investment volume will be around EUR 1 bn. The fund already has EUR 250 mln capital from institutional investors from North America and Europe. The fund will acquire office, retail and logistic properties with a target price range of EUR 20 mln - EUR 100 mln per deal. The focus will be on office properties, and the geographical focus will be on the Stuttgart area, Munich, the Rhine-Main region, Cologne/Dusseldorf and Hamburg.
German Income & Growth Venture is the second German fund to be launched by LaSalle within 18 months. The previous fund, German Retail Venture, has already invested around EUR 300 mln in German retail property.
LaSalle Investment Management is a wholly owned but operationally independent division of Jones Lang LaSalle Inc and manages assets with a total value of USD 39.5 bn (EUR 31 bn) worldwide.