LaSalle purchases pair of retail outlets for €717m
LaSalle Investment Management has acquired Cheshire Oaks in the northeast United Kingdom, and the Swindon Designer Outlet in the southwest United Kingdom from Nuveen Real Estate.
The sale price is estimated to be £600 million (€717 million/$812 million).
Cheshire Oaks is the United Kingdom's largest designer outlet village at 400,000 square feet, while Swindon Designer Outlet has claimed to be one of the largest covered designer outlets in Europe. Both are managed by the McArthurGlen Group.