LaSalle Investment Management has won a new €450 million ($513 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 focus on France, Germany, the Netherlands and Spain.
LaSalle was selected after 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.
Falko Schlafke, head of custom accounts, Continental Europe at LaSalle, a
