UK - LaSalle Investment Management has purchased a shopping centre in the UK on behalf of one pension fund client and secured new tenant leases for two others.

The unnamed pension fund has acquired The Mall in Bexleyheath from a joint venture between Capital & Regional and Aviva as part of a pan-European real estate mandate run by LaSalle.

The latest transaction means LaSalle has spent close to £400m (€444m) on properties for the pension fund over the past 10 months.

The other deals LaSalle has made on behalf of the same pension fund partner include Borehamwood shopping park in Hertfordshire, Eagles Meadow shopping centre, Wrexham and Le Blériot office building in Suresnes, Paris.

The 650,000 square feet shopping centre has 67 units and includes tenants such as Marks & Spencer, Bhs, Sainsbury's, Boots, Next, New Look and H&M.

"This deal is yet another example of our ability to successfully transact high value and off-market deals in difficult market conditions," said Simon Marrison, head of Europe for LaSalle.

"It also vindicates our decision to wait before we started to invest money in good quality assets."

Meanwhile, LaSalle has secured a seven-year lease on office accommodation in London on behalf of PACE Trustees, the trustee body of the Co-operative pension fund.

The 2,260 sq ft office space on the second floor of Jessica House in Wandsworth has been leased by business services group Mouchel.

LaSalle has also completed a 10-year lease for Sheaf Close, Lodge Farm Industrial Estate in Aylesbury on behalf of Coal Pension Properties, the real estate arm of the British Coal Schemes Pension Plan.

The detached 45,000 square foot warehouse has been taken by charity Sue Ryder Care, having been vacant for the past three years.

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