LaSalle Investment Management has acquired an office complex in the centre of Munich for close to EUR 16 mln. The property comprises 5,000 m[sup]2[/sup] of office space, of which some 15% is leased to Dresdner Bank.
LaSalle Investment Management has acquired an office complex in the centre of Munich for close to EUR 16 mln. The property comprises 5,000 m2 of office space, of which some 15% is leased to Dresdner Bank.
The building is located in the old city centre close to the Sendlinger Gate. LaSalle plans to refurbish it extensively over the next few months and reopen it by June 2007 at the latest. CB Richard Ellis advised LaSalle on the deal.