LaSalle Investment Management has purchased two German properties on behalf of its E-REGI special fund. The assets are the 2-Scheiben office building in the Place 4 business park, Ratingen near Dusseldorf, and the office building 13/15 Junghofstraße, Frankfurt. Financial details were not disclosed.
LaSalle Investment Management has purchased two German properties on behalf of its E-REGI special fund. The assets are the 2-Scheiben office building in the Place 4 business park, Ratingen near Dusseldorf, and the office building 13/15 Junghofstraße, Frankfurt. Financial details were not disclosed.
The Ratingen scheme is the Western Region headquarters of Coca-Cola, which is anchor tenant of the fully-let ensemble of three buildings. GermanInvest Property Advisors acted as consultant in the acquisition process.
13/15 Junghofstraße is located within Frankfurt's prime banking district, and has been let to Morgan Stanley Deutschland on a long-term basis. The office was acquired from BGT Grundstücksverwaltungs- und Beteiligungsgesellschaft mbH & Co. KG für Citybauten, a property company of Helaba Landesbank Hessen-Thüringen.
