LaSalle Investment Management has sold the Parkstadt Office complex in Munich to two special funds managed by Real IS. The property was sold on behalf of LaSalle’s German Income and Growth Fund. The sale price was not disclosed.
LaSalle Investment Management has sold the Parkstadt Office complex in Munich to two special funds managed by Real IS. The property was sold on behalf of LaSalle’s German Income and Growth Fund. The sale price was not disclosed.
Parkstadt Office was completed in 2011 and comprises 38,000 m2 over three buildings, known as ‘be blue’, ‘be green’ and ‘be orange’. The complex is nearly fully let, with truck manufacturer MAN as the main tenant.
Colliers International advised LaSalle IM on the sales process.
