LaSalle launches new German commercial property fund

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.

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