PropertyEU
LaSalle fund buys into German offices
Date: 26 October 2011
Category: Deal
LaSalle Investment Management has purchased two German properties on behalf of its E-REGI special fund. The assets are the 2-Scheiben office building in the Place 4 business park, Ratingen near Dusseldorf, and the office building 13/15 Junghofstraβe, Frankfurt. Financial details were not disclosed.

The Ratingen scheme is the Western Region headquarters of Coca-Cola, which is anchor tenant of the fully-let ensemble of three buildings. GermanInvest Property Advisors acted as consultant in the acquisition process.

13/15 Junghofstraβe is located within Frankfurt's prime banking district, and has been let to Morgan Stanley Deutschland on a long-term basis. The office was acquired from BGT Grundstücksverwaltungs- und Beteiligungsgesellschaft mbH & Co. KG für Citybauten, a property company of Helaba Landesbank Hessen-Thüringen.
 
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