LaSalle completes acquisition of Lacus Quartier in Berlin

LaSalle Investment Management has completed the acquisition of Lacus Quartier in Berlin on behalf of the pan-European LaSalle E-REGI fund.

LaSalle signed to acquire the new development from BUWOG in December 2020. The scheme opened its doors to residents for the first time in May 2021 and, following its first 12 months in operation, it has now achieved a 94 percent occupancy rate, demonstrating the strength of the asset’s offer and location to residents seeking high-quality rental homes in Berlin’s Weissensee district.

The scheme includes 230 high-quality apartments, between 35 square meters and 113 square meters (377 square feet and 1,216 square feet) in size, and 88 of the units have a balcony or terrace. Car parking spaces and several e-charging stations are located in the building’s underground garage, and bicycle parking is available outdoors. The courtyard offers a plethora of leisure facilities for families such as a playground, table tennis and a racetra