LaSalle Buys in Germany, Sells in France
LaSalle Investment Management KAG has acquired a 5,800-square-metre commercial property in the city centre of Garmisch-Partenkirchen, Germany, on behalf of one of its specialist investment funds. The property, which was completed in 2010, was sold by Hummel & Dachs Entwicklungsgesellschaft. Terms of the transaction were not disclosed.
In other news, LaSalle Investment Management has sold the Olympe building in Paris to Tishman Speyer. The 16,000-square-metre office building is primarily let to BNP Paribas and DOW; it was completed in 2006.