LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has won a new €450 million custom account mandate focused on the office sector in Continental Europe. The mandate has been awarded on behalf of a German pension fund, and will be managed through the Institutional Investment Partners (“2IP”) platform in Germany. It will target core office investments in key European markets, with a particular focus on France, Germany, the Netherlands and Spain.
LaSalle was selected following a highly competitive process, underscoring the strength of its European platform, track record of investment in the office sector and ability to deliver tailored real estate investment solutions for institutional clients. The mandate will be focused on high-quality, well-located office assets, targeting properties that are positioned to benefit from resilient occupier demand, limited new supply and the long-term appeal of prime workplace locations.
Philip La Pierre, Head of Europe at LaSalle, commented: “Being awarded this mandate is a significant achievement for our European team and reflects LaSalle’s deep expertise in office markets across the continent. It’s a proud moment to have been selected through such a competitive process and our focus is now on constructing a high-quality, income-generative portfolio on behalf of our institutional investor client.”
Falko Schlafke, Head of Custom Accounts, Continental Europe at LaSalle, and Fund Manager of this mandate, added: “This mandate provides an attractive opportunity to deploy capital into core office assets across key Continental European cities. The current market environment presents compelling entry points for well-located, high-quality offices, particularly in markets supported by strong occupational fundamentals and constrained new supply, and we look forward to working with our client in delivering on this strategy.”
