LaSalle Buys UK Office Block
LaSalle Investment Management has acquired a 7,230-square-metre office property in the United Kingdom from Invista for £21.8 million (€26.4 million). The class A office property, 3 Furzeground Way, is located in Stockley Park, Uxbridge. Stockley Park is a business park with 160,000 square metres of office accommodation in 26 buildings.
Tenants in 3 Furzeground Way include IBM, Toshiba, Otsuka Pharmaceuticals, Havi Global Solutions, Nobel Biocare and the Canadian High Commission.
In other news, LaSalle has acquired a 7,400-square-metre retail park in Swansea from Aegon UK Property Fund. The Pontarddulais Retail Park was acquired on behalf of BAE Systems 2000.