LaSalle purchases logistics warehouse from PGIM fund

LaSalle Investment Management has completed the purchase of a state-of-the-art logistics warehouse in the Rhine-Neckar metropolitan region, located in Ladenburg east of Mannheim in southwest Germany. The warehouse was acquired as a forward-funding deal from PGIM Real Estate and Panattoni on behalf of Encore+. The sales price was not disclosed.

The logistics property, which was completed in the summer of 2021, comprises a total of 56,864 square meters (612,079 square feet) of multi-functional space. Developed with the highest standards of sustainability, the property produces part of the energy required for its running via a photovoltaic system on the roof; this provides a habitat for the locally native lizards. The lighting is provided exclusively by LED technology, and charging stations for electric vehicles have also been installed on the site. The buildings have been developed according to the DGNB Gold standards. In addition, the award of the platinum certificate has alre