LaSalle Investment Management has completed the acquisition of a fully pre-let senior-living property in central Toulouse, capital of France’s southern Occitanie region, through a forward-funding agreement with the French developer Cogedim.
The transaction has been made on behalf of Encore+, LaSalle’s flagship pan-European fund, and represents the fund’s first investment in the senior-living space.
The acquisition also represents LaSalle’s first investment in senior living in continental Europe and builds upon its expertise in and exposure to the sector in the United Kingdom.
With a newly established Europe-wide Living and Hospitality asset-management platform — responsible for £3 billion (€3.6 billion/$4.0 billion) of assets, with 13,000 beds across student housing, build-to-rent, senior living, healthcare and hotels — LaSalle is set to grow its presence in alternative sectors across Europe.
Quai Saint-Pierre, the senior-living property in
