LaSalle Investment Management KAG has acquired a commercial property on the Neumarkt in Cologne on behalf of a German spezialfonds.
LaSalle Investment Management KAG has acquired a commercial property on the Neumarkt in Cologne on behalf of a German spezialfonds.
Financial details were not disclosed. The property comprises around 6,000 m² and is almost 100% let.
LaSalle KAG was advised on the acquisition by law firm Jones Day and estate agents Greif & Contzen.
LaSalle KAG is a provider of specialist property funds under German investment law with a total investment volume goal of €600 mln, to be invested in office and retail properties in prime locations with long leases. The geographical focus is Germany, France, the UK, the Netherlands and Scandinavia.
