Singapore (December 12, 2024) – Asia Pacific macroeconomies and real estate markets are showing signs of potential structural changes and unique cyclical patterns, setting the region apart from global trends.

This is the thrust of the Asia Pacific chapter of ISA Outlook 2025 report just released by LaSalle Investment Management (“LaSalle”). Published every year since 1993, LaSalle’s ISA Outlook is designed to help the real estate industry navigate the year ahead.

This year’s key findings include:

• Investors in Asia Pacific real estate must navigate new investments and existing portfolios in a complex environment with signs of structural change and a distinctly different cycle compared to historical norms. These factors could have a combination of positive and negative implications for investors, some of which may only become apparent years later.

• Adding to the complex macro environment is the US election result, which could lead to heightened economic uncertainty and periodic capital market volatility. China is particularly vulnerable and, to a lesser extent, Hong Kong. Beyond China and Hong Kong, it is difficult to predict clear winners or losers from the U.S. election result for now. We believe that select real estate markets or sectors could benefit from some supply chain rebalancing. In addition, investors may consider focusing on Asia Pacific real estate markets/sectors that are anchored by domestic demand and domestic capital.
• In China, which faces the weakest economic growth and consumer confidence in decades, heightened geopolitical tensions between the US and China, as well as the absence of impactful structural reforms or larger-scale stimulus packages, suggest an extended period of economic weakness. This creates a challenging environment for China’s residential and commercial real estate markets over the next few years.
• Japan remains the most liquid market in the region, with inflationary growth prospects. Should the substantial domestic investor base in Japan continue to anchor the real estate capital market, the potential impact of further interest rate hikes can be limited. Nonetheless, it is essential to allow for flexibility and the potential for unexpected outcomes, when evaluating investment opportunities or setting up business plans for existing portfolios in Japan.
• In other developed economies of the region, the varying and sometimes contrasting cyclical patterns among major real estate sectors within each country set the region apart from global trends.
• Commercial real estate liquidity in Asia Pacific has demonstrated resilience compared to other global regions but is still constrained to varying degrees, except for Japan. The gap between buyer and seller expectations is weighing on liquidity and some investors are adopting a wait-and-see approach. Nonetheless, savvy investors understand that sometimes the best returns come from vintages in the wake of cycle turning points or when signs of structural change emerge.

Where favorable macroeconomic conditions present themselves and as global investment appetite returns, the diversity of Asia Pacific markets and sectors within the region will offer discerning investors a variety of opportunities with a wide range of risk-return profiles.

Five strategic themes are highlighted in the Asia Pacific ISA Outlook 2025:

1. Multi-family: At a nascent stage, except Japan

The multi-family sector in Asia Pacific is undergoing structural changes, driven primarily by demographic shifts and government policies, with significant potential for institutionalization. This sector offers a range of investment opportunities in a basket of markets except China, although it would take time to fully unlock value in this nascent sector outside of Japan due to unproven liquidity.

• Office: Navigate cycle changes vs. potential for structural shifts

Office market performance across Asia Pacific varies significantly. It is increasingly important to consider the timing of entry and exit as well as risk mitigation plans. South Korean, Japanese and Singaporean offices offer strategically selected investment opportunities for investors with different risk and return appetites.

• Logistics: Not a clear outperforming sector

The logistics sector shows dispersion in performance across markets, submarkets and sub-sectors. With relatively balanced supply-demand dynamics, Australia, Singapore and select Japanese markets offer investment opportunities, despite reducing return expectations.

• Retail: Distinctive consumption patterns

We expect that well-managed retail assets that have adapted their tenant mixes and market positioning in response to changing consumption habits will outperform, adding to operational intensity. A granular, asset-level approach to investment is crucial, given the performance variations across markets and sub-sectors.

• Hotel: Momentum mostly priced in, except Japan

The Japanese hotel market is set to continue its growth trajectory, driven primarily by domestic demand and, to a lesser extent, inbound tourists. However, the performance is expected to vary across markets and segments, influenced by the operational capability to navigate challenges such as labor shortages and rising labor costs.

Looking ahead, investors in Asia Pacific real estate must navigate a complex environment marked by structural changes and atypical market cycles.

Elysia Tse, Asia Pacific Head of Research and Strategy at LaSalle, commented: “There are many unknowns in the current complex economic climate, compounded by impending changes in Trump 2.0, which will likely lead to periodic episodes of capital market volatility. Investment strategies that favor domestic tenant demand and domestic capital, as well as those that focus on operational intensity, such as deal execution and in-house leasing, are important for value creation and preservation. In the event of significant dislocation or capital market volatility, investors could seek attractive entry points or creative, structured solutions to address capital stack issues for some troubled property owners or developers.”

Brian Klinksiek, Global Head of Research and Strategy at LaSalle, added: “As we enter 2025, we’re seeing the dawn of a new real estate cycle. While challenges remain, particularly in resolving legacy capital stack issues, we’re observing improving capital market conditions and emerging opportunities across a wide range of sectors and geographies. Investors who recognize these shifts early and act with flexibility are likely to benefit from attractive risk-adjusted returns. However, it’s crucial to remain vigilant about risks on the horizon and avoid the expectation of a rapid return to ultra-low interest rates.”

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About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$88.2 billion of assets in private and public real estate equity and debt investments as of Q3 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

Chicago (December 11, 2024) – LaSalle Investment Management (LaSalle) is pleased to announce it has been named a Best Place to Work in Money Management for 2024 by Pensions & Investments. This marks the ninth consecutive year LaSalle has received this prestigious recognition.

Presented by Pensions & Investments, the global news source of money management and institutional investing, the 13^th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.

“Earning the ‘Best Place to Work’ recognition for the ninth time highlights what drives LaSalle’s success: our people and culture. This culture, shaped by every employee, fuels our client service, investment performance, and talent development. We’re proud that our commitment to an inspiring workplace continues to be recognized. Thank you to our employees for making LaSalle not just a great place to work, but a leader in investment management,” said Brad Gries, LaSalle Head of Americas.

“As their employees attest, the companies named to this year’s Best Places to Work list demonstrate a commitment to building and maintaining a strong workplace culture,’’ said P&I Editor-in-Chief Julie Tatge. “In doing so, they’re helping their employees, clients and their businesses succeed.’’  

“Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 13^th year. A strong workplace culture that supports talent, advocates progress and drives innovation is paramount to driving the best outcomes and these asset managers demonstrate that. Congratulations to the 2024 honorees for their commitment to employee well-being, attractive incentive structures and talent development that demonstrate how investing in your employees can elevate our industry to greater heights,” said P&I President and Publisher Nikki Pirrello.

Pensions & Investments partnered with Workforce Research Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.

The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 20% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 80% of the total evaluation. The combined scores determined the top companies. 

For a complete list of the 2024 Pensions & Investments’ Best Places to Work in Money Management winners and profiles of the top firms across size categories, go to http://www.pionline.com/BPTW2024

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About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$88.2 billion of assets in private and public real estate equity and debt investments as of Q3 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About Pensions & Investments

Pensions & Investments, owned by Crain Communications Inc., is the 51-year-old global news source of money management and institutional investing. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com.

Chicago (December 4, 2024) – US and Canadian real estate is on the verge of a new cycle in 2025, with interest rates down from peak levels and economic growth concerns fading, but also new risks on the horizon, according to the North America chapter of the ISA Outlook 2025 report published by global real estate investment manager LaSalle Investment Management (“LaSalle”).

The landscape for US and Canadian real estate has shifted since last year’s ISA Outlook 2024, which saw lower transaction volumes due to higher interest rates and challenging macroeconomic conditions.  LaSalle sees considerable differences between this upcoming cycle and prior ones across both countries. Specifically, interest rates are expected to remain higher, which will lead to a more moderate pace of value recovery. And while the pace of capital flows to real estate is expected to pick-up in 2025, conditions across real estate sectors and markets will remain uneven.

These differences suggest that investing into the coming real estate cycle will not be a simple story of a “rising tide lifts all boats”; selectivity at the sector, market and sub-market level is likely to add value. LaSalle’s ISA Outlook 2025 follows several main themes that will influence real estate decision-making within the US and Canada, as well as sector by sector analysis of different property types:

• Economic Outlook – Falling Rates but Risks on the Horizon: While the summer and fall of 2024 saw growing optimism among real estate investors, uncertainty around long-term interest rates rose in the fourth quarter of 2024.  Long bond rates have moved higher, even as the Fed started cutting interest rates and Canada’s central bank has become more aggressive in lowering its policy rate. The recent volatility is a reminder that the goldilocks environment has not returned. Pandemic-era reverberations continue as we adjust to a new normal that includes at least the fear of higher inflation.

• Capital Markets – Best Market Entry Points Tend to be Early Cycle: Historically, the best entry points for investors tend to come early in the cycle, and the ISA Outlook predicts that 2025 will be the best year for entry into appraisal-based funds, and second best to 2024 for entry at market pricing. However, the research cautions that unless interest rates fall back to the low levels of the post-GFC period, pricing will not likely enable returns similar to those seen in the early years of previous cycles. Despite expectations for a strong vintage year, the ISA forecasts that transaction volume will grow slowly throughout 2025, as many sellers will delay sales expecting better values and fundamentals for 2026.

• Balancing a Portfolio – Real Estate Debt: LaSalle’s ISA Outlook 2025 notes that investors need to weigh the potential upside from allocating to equity vs. the downside protection in a debt position. While today this analysis tends to favor equity, there are still strong reasons for investors to allocate to debt. First, interest rates remain high relative to historic levels, which is a benefit to investors seeking high absolute current cash returns from debt investment. Second, there are structural tailwinds to private real estate debt investment as banks dial back direct mortgage activity in favor of providing cross-collateralized ‘back leverage’ to debt portfolios. Finally, debt is a good source of portfolio diversification as volatility remains elevated.

• Distress – The Capital Stack Hangover: LaSalle’s North America chapter of the ISA Outlook indicates that some market segments and assets will remain stressed under any realistic outlook for economic growth and interest rates. Challenged capital stacks will not be cured by lower rates, and the “pretend and extend” approach to distressed assets will eventually require resolution. Distress in the US office sector is rising fast, with US residential and retail seeing some limited distress. In Canada, the number of distressed commercial properties in 2024 is expected to double from 2023 levels, though on a dollar volume basis this is a small fraction of US levels.

Global and North American Property Sector Outlooks

The North America chapter of the ISA forms part of LaSalle’s Global ISA Outlook 2025, which analyzes real estate trends across geographies and sectors, and similarly finds the new cycle extends to global real estate markets.

• Apartments –In 2025, US apartments will still be dealing with the hangover from a supply boom that followed spiking rents, low cap rates and soaring values in 2021 and 2022. While there are significant market level differences, the ISA 2025’s national view is the hangover will not clear until 2026, while 2025 will be another year to muddle through. In Canada, apartment fundamentals remain strong due to migration-related demand drivers.

• Industrial – Industrial performance in 2025 is likely to be favorable in both countries, largely because the supply hangover is already ending, leaving fundamentals better positioned. Secular tailwinds are expected to continue, with e-commerce remaining a demand driver and policies boosting domestic manufacturing a growing benefit.

• Retail – Globally, the retail outlook continues to improve after an extended period as the least-favored sector. Across the US and Canada, retail construction is expected to remain very low, making existing supply more attractive, especially for the best centers in growing markets and sub-markets. Rent growth remains moderate as tenants’ ability to bear higher rents is constrained, but entry yields in some retail sub-segments are expected to provide an attractive investment opportunity. 

• Office – Office continues to generate headlines and remains the most discussed sector. Remote working is expected to continue to negatively impact office demand in both countries, but economic growth will eventually outweigh that negative factor. Across North America, the investability of the office sector is increasing and the focus continues to be on quality.

Richard Kleinman, LaSalle’s Americas Head of Research and Strategy, said: “We are on the cusp of a new real estate cycle both globally and in the Americas specifically. That said, navigating the current environment will require selectivity at the sector, market, and submarket levels. The ISA Outlook 2025 research we’ve released today looks in depth at what is driving trends in North American real estate, and lays out our strategy for the year ahead.”

Chris Langstaff, Head of Research and Strategy for Canada at LaSalle, commented: “Our outlook for Canadian real estate next year resembles many of our global projections, with some important distinctions. Optimism is a bit more contained as economic performance has lagged and there’s been uncertainty around trade policies, but favourable demographics, healthy fundamentals in most sectors and forecasts for improved GDP and job growth in 2025 and 2026 will continue to drive opportunities across markets, including in specialty sectors.”

Brian Klinksiek, Global Head of Research and Strategy at LaSalle, added: “Global real estate sentiment is gradually improving following a long period of negativity and signs are pointing to the beginning of a new real estate cycle. History has shown that investing early in a cycle tends to lead to relatively strong performance. There are still risks on the horizon, however, and investors are advised to focus on diversified strategies that are flexible and broad enough to adapt to a complex and evolving relative value landscape. A comprehensive look at value across a wide range of sectors and markets will be required to build a well-positioned real estate portfolio.”

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$88.2 billion of assets in private and public real estate equity and debt investments as of Q3 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

London (November 27, 2024) –Europe’s real estate cycle has reached a new dawn, following a deep capital market correction over recent years, according to the European chapter of the ISA Outlook 2025 report published by global real estate investment manager LaSalle Investment Management (“LaSalle”).

Last year’s ISA Outlook described the beginning of adjustment to the new reality of higher interest rates and challenging macroeconomic conditions. As we approach a new year, the latest ISA Outlook describes how market evidence is crossing thresholds that point to a new cycle. For example, data tracked by LaSalle’s asset managers show, from January 2024 to date, rents for new commercial leases across LaSalle’s European portfolio grew 2.7% relative to expiring passing rent, representing a return to an above-inflation pace.

LaSalle estimates that expected go-forward returns for the overall European property market are at their highest level in a decade. As capital slowly returns to the market and yield spreads exceed long-term averages, the real estate outlook has diverged from the region’s weak pace of economic growth due to a combination of supply barriers and asset quality polarisation.

This year’s report identifies strategic themes for investment in European real estate, which earn the region’s real estate assets an important place in investors’ property portfolios.

Beyond beds and sheds
A laser focus on “beds and sheds” has become a market consensus portfolio theme for many real estate investors, yet it is now becoming too simplistic to capture the more complex dynamics of the market.

Today’s ISA Outlook 2025 report uses fair value analysis to zero in on the best opportunities across a range of real estate capital and debt strategies and asset classes. These span all property types – not for the sake of diversification – but because we believe there are specific compelling opportunities that span across property types.

The European chapter of ISA Outlook 2025’s five strategic themes:

• Don’t forget a (real estate debt) umbrella: Real estate debt strategies can guard against inclement market conditions. New performance data for European debt funds shows the benefits of preparedness. Debt investors are also taking advantage of the choice between fixed-rate and floating-rate lending positions, and the diversification benefits of investing in both.
• Follow the hexagons for logistics: In our Paths of Distribution Score, we have mapped Europe into 158,455 hexagons – scoring each on their centrality, from an occupier perspective, for distributing goods to the most consumers at the lowest cost – and we favour logistics strategies that focus on the top-scoring hexagons within the highest ranked markets in our fair value analysis (in France, the Netherland and Germany).
• Retail back on the menu: European retail has been through a deep reset, and select retail formats now look too attractive to ignore. Outlet centres in the UK and Northern Europe offer strong alignment between tenants and operators, while Spanish and French retail parks and convenience shopping centres in the Netherlands can also deliver high income returns.
• Master adapters – how Europe’s office markets are different: Europe is leading the office market’s adaptation to hybrid work, as their largely mixed-use, mid-rise character, creates distinctive opportunities. A rebalanced office sector is not a distant next buyer prospect for many of Europe’s markets – it’s happening now. This is evident in return-to-office figures as well as property fundamentals. London City office market vacancy has now declined for five consecutive quarters, driving prime rent growth.
• A residential and living smörgåsbord: European residential (or living) is not really a single property type, it is a large collection of sub-sectors with widely varying cash flow profiles, pricing, regulation and target occupiers. There continue to be opportunities, but sector selection is paramount, with PBSA standing out in Spain and Germany.

Global uncertainty but clear opportunities

The European ISA Outlook forms part of LaSalle’s Global ISA Outlook, which finds that the new dawn extends across real estate around the world.

Greater clarity on the direction of interest rates around the world should help drive healing of the capital markets in 2025, with hesitant sellers gaining confidence as pricing starts to come in closer to their expectations.

There have, of course, been significant political developments in the US in recent weeks. The Global ISA Outlook reflects on how the “Red Sweep” may affect the real estate investment outlook and the shape of the dawning cycle, with signals pointing towards marginally higher growth, inflation and rates, but no great change in the overall outlook. LaSalle expects that the US economy remains on track for a soft landing. Equally, the European ISA Outlook considers the potential impact of the US Election in Europe, recognising that a stronger dollar could result in a possible boost in student demand for housing and tourist demand for hotel rooms.

The Global ISA Outlook also identifies areas of concern, with China a significant ‘soft spot’ due to a combination of generationally low growth and liquidity alongside weak property fundamentals. The Chinese government has made significant interventions to shore up the economy, and in recent weeks further stimulus has been implemented to guard against the potential onset of US tariffs on Chinese goods. These factors mean that China is something of a unique case in the ISA Outlook, with less applicability of global trends. Similarly, the Japanese market is experiencing a different cycle to the rest of the world. Japan is in the process of exiting a long period of deflationary risk and rock-bottom rates, so unlike other countries, monetary policy in Japan has a modest tightening bias.

Dan Mahoney, Head of European Research and Strategy at LaSalle, said: “We are seeing a new cycle dawning for Europe’s real estate markets. Today’s Europe ISA Outlook delves into why we believe we are entering a new cycle, evidence of data thresholds crossed, and our strategy for the years ahead. These go beyond simple ‘beds and sheds’ – which is too simplistic to capture the complexity of European real estate today.”

Brian Klinksiek, Global Head of Research and Strategy at LaSalle, added: “Global real estate sentiment is gradually improving following a long period of negativity and signs are pointing to the beginning of a new real estate cycle. History has shown that investing early in a cycle tends to lead to relatively strong performance. There are, however, still risks on the horizon, and investors are advised to focus on diversified strategies that are flexible and broad enough to adapt to a complex and evolving relative value landscape. A comprehensive look at value across a wide range of sectors and markets will be required to build a well-positioned real estate portfolio.”

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$88.2 billion of assets in private and public real estate equity and debt investments as of Q3 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

London (November 21, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, and Urbania, an investment and asset management company with a €1.1 billion portfolio under management, announce their joint venture partnership to develop a portfolio of living assets in Spain. The first two transactions are situated within the 408-hectare Parc de l’Alba masterplan in Cerdanyola del Vallés, adjacent to the Universitat Autònoma de Barcelona (UAB) Bellaterra campus, which hosts over 30,000 students. Delivery of the masterplan is underway, aiming to attract businesses within scientific, commerce, technology and consulting sectors, with the expectation to accommodate 30,000 workers.

The first asset, slated for opening in September 2025, is a purpose-built student accommodation (PBSA) project in Barcelona. With construction already underway, the project will feature 610 single en-suite rooms with state-of-the-art amenities including a rooftop swimming pool, gym, cinema room, study areas and auditorium, with a BREEAM “Very Good” rating. The project will be the only privately owned student accommodation scheme within walking distance to the UAB Bellaterra Campus, the third ranked university in Spain, offering degree specialisms including medicine, law, engineering and business. In addition, the project is in close proximity to other prestigious university campuses such as ESADE and Universitat Internacional de Catalunya, with excellent local transport networks into central Barcelona. Yugo, a leading student housing operator, has been appointed as manager.

The second development is a complementary flex-living scheme that will sit on an adjacent land plot and consist of 255 units, with completion projected for Q3 2027. The scheme is designed for academics, researchers, key workers and corporate occupiers from nearby commercial hubs within the Catalonia Innovation Triangle as well as the UAB Bellaterra Campus. The Parc de l’Alba masterplan is currently home to multiple companies including the ALBA Synchrotron, one of the largest science facilities in southwestern Europe, as well as the regional headquarters of leading companies like Inditex’s Stradivarius and engineering and technology group, Sener. The flex-living asset will offer flexible accommodation for short, medium, and long stays and target a BREEAM ‘Very Good’ accreditation and an EPC ‘A’ rating.

As LaSalle’s most recent ISA Briefing on the PBSA sector outlines, PBSA ranks as one of the firm’s top-conviction sectors in the coming years, with more students enrolled than at any point in history and a long-term supply shortage contributing to the attractiveness of the sector.

Blake Loveless, Head of Value-Add Investments, Europe, LaSalle, said: “This venture is an exceptional example of LaSalle’s deep value equity strategy, which continues to focus on student housing, urban accommodation, retail recovery, distribution, and special situations. Spain is a big market for us, and we are excited to expand our presence here alongside Urbania to provide affordable accommodation to students and young professionals.”

Amroy Lal, Vice President of Value-Add Investments, Europe, LaSalle, said: “Europe’s leading universities, like those close to this project, continue to attract a diversity of local and global students, adding to the growing strength of the region’s PBSA sector. Barcelona in particular represents a great opportunity for investors in the sector, given the resilient and varied sources of demand from multiple, highly ranked universities.”

Jeffrey Sújar, Managing Partner of Urbania Living, said: “Our mission is to create the next generation of student accommodation and flexible living facilities. This exciting project embodies our commitment to environmental sustainability and exceptional living standards. Every aspect has been meticulously planned to foster an enriching living experience that supports students, academics and other professionals in achieving their fullest potential. Collaborating with LaSalle on this landmark project is a source of immense pride for us.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About Urbania

Urbania is a privately-owned real estate development, investment and asset management company with a €1.1 billion portfolio under management.

Created in 2010 as a real estate developer, Urbania has become a leading real estate company with +100 projects delivered since it’s inception, specializing in large land acquisition and master planning development, residential projects and the creation of innovative Living concepts, with a strong presence across the Iberian market and Brazil.

Chicago (November 18, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, is pleased to announce the appointment of Tara McCann as Head of Americas Investor and Consultant Relations, effective November 4. In this role, Tara leads LaSalle’s efforts to strengthen relationships with existing institutional investors, enhance consultant relationships and expand the firm’s network across the Americas.

Tara’s appointment reinforces LaSalle’s commitment to continually strengthen its investor relations capabilities as well as to diversify product offerings and broaden distribution channels in the Americas to drive long-term growth. Based in New York, she reports to Samer Honein, Global Head of Investor Relations. Tara will assume the responsibilities of Adam Caskey, Head of Americas Investor Relations, who is set to retire in December this year.

Tara is a real estate industry veteran with over 25 years of experience in senior roles across investor relations, product development, acquisitions, and investment banking. She joins LaSalle from Rockwood, where she served as Head of Capital and Client Strategies, while also spearheading the firm’s ESG initiatives. Prior to that, Tara was a Managing Director with USAA Real Estate Company, serving as the product specialist for opportunistic and credit strategies. She has also held senior roles at H/2 Capital Partners, Ranieri Real Estate Partners and the Deutsche Bank Securities’ Real Estate Investment Banking Group.

Tara received a Master of Business Administration in Finance from Columbia Business School and a Bachelor of Arts in Economics and Urban Studies from Brown University.

Samer Honein, Global Head of Investor Relations at LaSalle, added: “Tara’s experience in investor relations, product development and strategic insights across the real estate industry make her an ideal addition to the team. We look forward to her leadership of our Americas investor relations efforts, reinforcing our commitment to deliver world-class partnerships to our clients.”

Brad Gries, Head of Americas at LaSalle, commented: “Tara’s appointment is a key step in our strategy to enhance our coverage and product offerings in the Americas. Her deep industry knowledge and established relationships will be instrumental as we continue to deliver innovative solutions to meet the evolving needs of our investors in the region.”

Tara McCann, Head of Americas Investor and Consultant Relations at LaSalle said:  “I am excited to join a firm with LaSalle’s values and global platform at this exciting time of growth. I look forward to expanding our relationships and continuing LaSalle’s legacy of delivering innovative solutions that meet the evolving needs in real estate investment of our partners.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (November 14, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has agreed a 10-year lease with Assmann Beraten + Planen, an international planning consultancy, for the remaining 3,200 sqm of the East Tower of the Columbia Twins office scheme in Hamburg. The scheme, which is owned by the open-ended, pan-European LaSalle E-REGI fund, is now fully occupied.

The agreement follows SVA System Vertrieb Alexander, a German IT service provider, moving into the sixth and seventh floors of the East Tower on a 10-year lease in April 2024. The West Tower is leased to Columbia Shipmanagement, an international maritime service provider, which was also involved in the development of the asset.

In preparation of the recent lettings, the East Tower – formerly occupied by a single tenant – was renovated for multi-let purposes and to enhance its appeal to modern workforces. The project was led by Schmidhuber Future Work GmbH, a specialist in creating innovative work environments.

Built in 2009 and located in the Hamburg submarket of Harbour Fringe, Columbia Twins offers over 9,400 sqm of lettable space. It provides tenants with access to a roof terrace overlooking the river Elbe and famous Elbphilharmonie Concert Hall. Designed by renowned architect Carsten Roth, Columbia Twins holds DGNB gold certification and recognition from the BDA, the Hamburg architects’ association.

The long-term leases signed with multiple tenants underscore LaSalle’s ability to provide investors in LaSalle E-REGI with exposure to high-quality commercial real estate assets across Europe’s leading markets.

Sven Becker, Fund Manager, LaSalle E-REGI, said: “Both the signing of this new long-term lease and the existing high-quality tenants we have previously secured at Columbia Twins demonstrate the attractiveness of these buildings to various occupier needs. LaSalle E-REGI continues to deliver on its strategy to meet growing tenant demand for well-located, high-quality commercial space in key European city-centre markets and, as such providing long-term stable income for our investors.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (November 13, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces that after almost 13 years of service and a career spanning more than 40 years, Jon Zehner, Vice Chairman, will retire from the firm effective 31 December 2024.

Jon joined LaSalle in 2012 as Global Head of LaSalle’s Investor Relations team. He assumed responsibility for LaSalle Global Partner Solutions at the end of 2019 and headed the business until it merged with LaSalle Securities, to form LaSalle Global Solutions, in 2023. Since early 2023, Jon has been Vice Chairman of LaSalle. Throughout his time at the firm, he has been a member of the Global Management Committee.

Jon’s career in real estate began in 1981 at JPMorgan, where he spent 28 years in a variety of corporate finance roles including Global Head of Real Estate Investment Banking and Head of sub-Saharan Africa before joining AREA Property Partners (now ARES) as a Senior Director in 2009.

Jon has been an influential leader in the real estate industry, having co-founded the European Public Real Estate Association (EPRA), the Urban Land Institute (ULI) in Europe and the University of Cambridge’s MPhil programme in Real Estate Finance. He remains Chair of the University of Cambridge’s Land Economy Advisory Board and as a Trustee of the Urban Land Institute, where he served as a recent European Chair and Member of the Global Board of Directors. He is an Independent Non-Executive Director of Vukile Property Fund, a Johannesburg Stock Exchange listed REIT and a member of the Executive Council of King’s College London where he Chairs the Estates Strategy Committee. He also serves as Chair of African Parks UK and a Member of the Board of Governors of Arnold House School in St. John’s Wood, London.

Mark Gabbay, Global Chief Executive Officer of LaSalle, said: “We are truly grateful for Jon’s extraordinary service and commitment to LaSalle over almost 13 years in which he made countless contributions to the business as it evolved, and to the wider industry. As Jon enters this new chapter, we wish him the very best in his well-deserved retirement and all his future endeavors.”

Jon Zehner, retiring Vice Chairman of LaSalle, said: “I am grateful for the experiences and relationships I’ve gained in my time at LaSalle. It has been a pleasure to work alongside such talented people around the world. I have learned a great deal during my time here and hope that I have contributed something in return. As I graduate to this next chapter of my life, I have no doubt that LaSalle will continue to be focused on building relationships of trust with our investor clients while working hard to deliver strong investment performance.”

About LaSalle Investment Management | Investing Today. For Tomorrow

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (November 11, 2024) – LaSalle Investment Management (“LaSalle”) and Trilogy Real Estate (“Trilogy”) have leased an additional 19,000 square feet at The Amp, a newly refurbished education and innovation campus at 41-71 Commercial Road in Aldgate in East London, to London College of Contemporary Arts (LCCA).

LCCA’s expansion at the campus brings their total footprint within the building to 57,000 square feet, and means that The Amp is now close to fully let – a milestone achieved in just over two years from the acquisition of the site from the Department of Education in the summer of 2022 and a year after completing the refurbishment project.

An expanded LCCA, which will now occupy more than three floors of the building, will sit alongside other education occupiers. This includes De Montfort University, which arrived in September 2024 after signing an agreement for 18,000 square feet aimed at offering programmes specialising in sustainable practice to post-graduate students, as well as Nottingham Trent’s Confetti Institute of Creative Technologies and Access Creative College, both of which signed pre-lets totalling 55,000 square feet. Specialist facilities, including recording studios, multi-performance space and a gaming and eSports arena, are also located on-site.

The construction project to transform the buildings at 41-71 Commercial Road was completed in under a year to meet the operational requirements of the education occupiers, who needed an opening date in September 2023. The Amp provides space for education and innovation in a well-connected location, with one foot in central London and the other in the dynamic creative scene in the East of the city.

The Amp is the latest demonstration of Trilogy’s successful ongoing partnership with LaSalle Investment Management, which previously helped transform Republic in East India Dock from a dated office and disaster recovery space to a thriving mixed-use education campus. As of today, Republic hosts more than 15,000 students across nine institutions.

Chris Lewis, Managing Director, LaSalle Value-Add Investments, said:

“The expansion of LCCA within our exciting mixture of universities at The Amp, taking the campus to nearly full occupation within just over two years, is a real signal of the strength of the local offer and the demand for education-led innovation campuses in leading European gateway cities – especially in city-fringe locations like Aldgate.

“Helping to bridge the gap between infrastructure and real estate, The Amp remains an important part of LaSalle’s broader European value-add strategy. Projects like the Amp, which focus on new economy sectors such as mixed education campuses, urban accommodation, student housing, private medical facilities, and distribution and data centres, are only growing in importance and we are very proud to have partnered on it with Trilogy.”

Robert Wolstenholme, Founder and CEO of Trilogy Real Estate, added:

“At Trilogy our mission is to deliver the next generation of leading innovation campuses – campuses that mix exceptional education assets with high-quality shared amenities for business and the community.

“The fact that we have been able to turn around the refurbishment works and secure a nearly fully let building within just over two years from site acquisition is a testament to the level of demand for this type of campus in what has otherwise been a challenging market. It also reflects the huge amount of work that has gone into delivering truly bespoke and end-user-oriented facilities for our occupiers, their students, and the local community.

We look forward to LCCA’s expanded presence, and what this means for welcoming even more students on site to join what is fast emerging as a leading hub for business, technology and creativity.”

Allsop and DLA advised Trilogy and LaSalle on LCCA’s expansion.

41-71 Commercial Road was originally built in 1971 as the London College of Furniture. The college operated until 1992, when it was taken over by London Metropolitan University. The building was vacated in 2016 when the university rationalised its estate.

Work on the seven-floor refurbishment began in October 2023, led by main contractor Oktra, Project Manager Quartz Project Services, Architect Hawkins\Brown and Civic Engineers.

The completed building provides flexible, open floorplate space tailored to the needs of universities and colleges, as well as business and industry partners that may look to co-locate with a university to access the talent of the future and provide facilities for research and industry innovation. The building’s energy performance has also been significantly enhanced through the refurbishment – an all-electric heating and cooling system ensures no fossil fuels are burned on site, while all-new glazing has helped the building to secure BREEAM Excellent, WiredScore Platinum and an EPC “B” rating.

The Aldgate and Whitechapel area is a well-established higher education community education, and one of Central London’s youngest and fastest growing neighbourhoods. The Amp’s local offer – plentiful PBSA, nightlife, leisure and food and drink options, excellent transport connectivity and proximity to London’s cultural attractions – makes it an attractive choice, including for mature students or students who wish to live in their family home during their studies.

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About LaSalle Value-Add Investments

LaSalle Value-Add Investments is part of LaSalle’s growing US $10 billion Debt and Value-Add Strategies platform in Europe and targets higher-return real estate equity investments across Europe, with a focus on conviction investment themes and dislocation opportunities.

About Trilogy Real Estate

Trilogy Real Estate was founded in 2015 by former Resolution Property partner Robert Wolstenholme as an investment and development company specialising in transforming unloved assets to create inspiring and positively impactful mixed-use innovation campuses where the world of work meets education, skills and training.

Toulouse (November 7, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, announces the completion of Quai Saint-Pierre, a senior living development in central Toulouse that was acquired under a VEFA contract in December 2021 on behalf of Encore+, LaSalle’s flagship pan-European core-plus fund.

Quai Saint-Pierre comprises three connected buildings with over 4,500m² in total area, including 89 residential flats and 43 car parking spaces. The property offers excellent amenities to its residents across almost 800m2 of communal spaces, including a restaurant, swimming pool, tea-room with fireplace, library, fitness room, terraces and gardens.

LaSalle Encore+’s acquisition of the asset in 2021 represented the firm’s first senior-living investment in continental Europe and the Fund’s inaugural move into the sector.

The project was fully pre-let at the time of the acquisition from the developer COGEDIM, a subsidiary of the ALTAREA Group. Now completed, Quai Saint-Pierre will be operated by Nohée (previously Cogedim Club), the ALTAREA Group’s integrated senior residence management entity, which led the delivery of the project alongside development project manager Etyo.

Located in the centre of Toulouse, the fourth largest city in France, Quai Saint-Pierre enjoys both an excellent macro and micro location. Toulouse is one of the country’s most attractive urban areas, with its strong transport connections to Paris and temperate climate thanks to its location between the Pyrenees and the Mediterranean. The asset is located in one of the most sought-after, affluent areas of the city along the banks of the Garonne River and will also be well-served by close links to public transport, major road networks and Toulouse-Blagnac Airport.

David Ironside, Fund Manager for LaSalle Encore+, said: “We saw this development as a highly attractive way of increasing LaSalle Encore+’s exposure to alternative property sectors and diversifying our existing asset portfolio. The senior living market is growing as citizens increasingly look to avoid social isolation later in life and reside in higher-quality, fit-for-purpose homes, which fully provide for their needs.”

Jacques-Olivier Gourdon, Deputy Managing Director of LaSalle France, added: “The successful delivery of the project is testament to the skillset of our French asset management team and our strong relationships with partners like Etyo and Cogedim. In the context of increasing land scarcity and intensification of land use, we are very proud to have been able to breathe new life into this brownfield site, which bears witness to the city’s rich industrial past, while at the same time making the most of its remarkable neoclassical architecture.”

The history of the Quai Saint-Pierre site reflects that of Toulouse. Its origins date back to the early Middle Ages, with ship mills, grain mills, pastry mills, and paper makers among the industries established in the area in the 12th century, making the site the city’s first “industrial quarter”. In 1888, the Toulouse Electricity Company transformed the mills into a hydroelectric plant dedicated to public lighting in the city centre. In the 20th century, the site underwent further changes under the leadership of EDF, which took ownership of the power plant and the buildings in 1946. In 2012, a public entity purchased Quai Saint-Pierre with plans to establish the Institute of Political Studies of Toulouse, but the project did not obtain the support of local residents. The site then changed hands again, with the intention of being redeveloped into housing, but after the project stalled, the property was left vacant for several years, until LaSalle secured approval for a senior-living residence in 2021 – marking the latest chapter in Quai Saint-Pierre’s ongoing evolution of uses.

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (November 5, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, announces that it has provided a loan facility of £123 million through its flagship real estate debt fund, LREDS IV, to finance the acquisition of two UK holiday parks on behalf of One Investment Management (“OneIM”), a global alternative investment manager, and Foundation Partners, an independent private equity firm.

Located across the UK in Somerset (Unity Farm) and Yorkshire (Skirlington), the holiday parks benefit from proximity to the coast, lakes and local amenities, and collectively comprise around 4,300 pitches with about half of those currently operational.

The sites represent some of the largest UK holiday park assets that are not currently held in institutional portfolios. OneIM and Foundation Partners’ investment will help the two sites expand their number of pitches, develop new holiday homes for prospective visitors, grow the onsite offering and professionalise local operations. Underpinned by strong fundamentals and significant growth potential, the two large-scale parks represent the first seed assets as part of a targeted £500 million platform called Unity Holidays, which OneIM and Foundation Partners intend to grow.

Nathan Jackson, Director, LaSalle Debt Investments, said: “We are pleased to have supported best-in-class sponsors in OneIM and Foundation Partners to secure these high-quality assets in the UK leisure market. The breadth and depth of expertise in the LaSalle Debt Investments platform has ensured that we’re able to deliver a bespoke financing solution to clients and capitalise on attractive opportunities for our investors. We very much look forward to continuing to support OneIM and the future growth of their platform.”

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About LaSalle Debt Investments

LaSalle Debt Investments is part of LaSalle’s growing US$ 10 billion Debt and Value-Add Strategies platform in Europe and invests in a diverse range of real estate credit solutions – spanning senior loans, whole loans, mezzanine, development finance, corporate finance, NAV facilities and preferred equity – with significant experience across various sectors, geographies, deal sizes and capital structures. Since launching the business line in 2010, LaSalle has been one of Europe’s most active alternative real estate debt providers with a long track record of lending to best-in-class sponsors.

About OneIM

OneIM is a global alternative investment manager that invests across the capital structure, in a range of asset classes, industries and geographies. The firm applies a flexible investment approach driven by fundamental analysis, focusing on credit special situations and capital dislocations. OneIM seeks to provide tailored capital solutions built on proprietary sourcing and underwriting complexity. OneIM is sector agnostic and targets complex situations that do not fit into a single asset class, where truly bespoke structured investments can offer superior risk-reward dynamics and asymmetrical outcomes. The firm was founded in 2022 and currently manages approximately $7 billion in assets. The team operates from offices in Abu Dhabi, London, Tokyo and New York.

Toronto (October 22, 2024) – LaSalle Canada Property Fund (“LCPF” or “the fund”), LaSalle Investment Management (“LaSalle”)’s core real estate fund in Canada, has achieved the highest rating of five stars from the 2024 Global Real Estate Sustainability Benchmark (“GRESB”), an industry-recognized global Environmental, Social and Governance (ESG) benchmark for asset managers. Additionally, LCPF has been named the Real Estate Sector Leader for all Americas Private Diversified Funds, ranking first out of 112 entities in this category.

LaSalle Canada Property Fund scored 90/100 on the annual assessment, earning first place within its 17-member sector peer group. This achievement highlights the fund’s market-leading sustainability initiatives that continue to play a key role in the active asset management of the LCPF portfolio. In addition to the recognition for LCPF, seven other LaSalle funds and separate accounts domiciled across Europe, North America, and the Asia-Pacific regions were awarded a 5-star rating, with five additional LaSalle funds achieving a four-star rating.

Elena Alschuler, LaSalle Head of Sustainability, Americas, said: “This latest recognition as a GRESB sector leader reflects LaSalle’s ongoing dedication to meeting our clients’ sustainability goals, while enhancing the market value of our properties. Since its inception in 2017, LCPF has viewed sustainability as a key component of a high-quality property.  This investment view informs decisions about both acquisitions and capital improvements, resulting in a portfolio that is in a leading position amongst peers.” 

Sam Barbieri, LaSalle Managing Director of Development and Fund Management, added: “LCPF stands as a strong example of our commitment to both sustainability and investment excellence. This year’s GRESB score and our position as the Real Estate Sector Leader for all Americas Private Diversified Funds are a testament to the team’s hard work over the past year developing and embracing new strategies that align with the fund’s philosophy of ensuring ESG goals are met, while simultaneously generating income for clients.”

The LCPF portfolio exemplifies sustainability across its diverse properties, with several standout examples highlighting this commitment. Montréal’s Maison Manuvie boasts net zero carbon performance, Ottawa’s 275 Slater is undergoing sustainability upgrades targeting LEED Certification, and the Tricont logistics properties in Whitby were designed to meet the prestigious LEED® Silver certifications through the Canada Green Building Council. These assets, among others in the portfolio, demonstrate LCPF’s broad commitment to environmental responsibility across various property types and locations.

LCPF’s portfolio totals nearly 9.4 million square feet across Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal – the key markets in Canada’s investable real estate universe. The portfolio includes industrial, multifamily, office, retail and mixed-use properties, along with select development projects in these sectors.

ENDS

About LaSalle Canada Property Fund (LCPF)

LCPF is an open-ended fund targeting core properties in major markets across Canada. The fund is targeting commitments from Canadian and global institutional investors seeking access to the Canadian real estate market through a diversified, income-oriented vehicle. Launched in 2017, the fund aims to provide investors with immediate exposure to a diverse and mature portfolio comprised of office, industrial, mixed-use, retail and multifamily assets. Through its near-term pipeline of potential future investments, the fund will seek to take advantage of mispriced assets as it continues to grow.

About LaSalle Investment Management | Investing Today. For Tomorrow

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About GRESB

GRESB is an industry-driven organization transforming the way capital markets assess the environmental, social and governance (ESG) performance of real asset investments. More than 900 property companies and funds, jointly representing more than USD 3.6 trillion in assets under management, participated in the 2018 GRESB Real Estate Assessment. The Infrastructure Assessment covered 75 funds and 280 assets, and 25 portfolios completed the Debt Assessment. GRESB data and analytical tools are used by more than 75 institutional and retail investors, including pension funds and insurance companies, collectively representing over USD 18 trillion in institutional capital, to engage with investment managers to enhance and protect shareholder value. Greater transparency on ESG issues has become the norm, with GRESB widely recognized as the global ESG benchmark for real assets. For more information about GRESB and its ESG benchmarking and reporting for real estate, please visit https://gresb.com/gresb-real-estate-assessment/.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, announced today the acquisition of Buckeye85, a core industrial building located in the heart of metro Phoenix’s Interstate 10 Corridor. The acquisition was made on behalf of LaSalle Property Fund (LPF), the firm’s US core open-ended fund.

The 321,892 square foot Class A building was constructed in 2023 and is fully leased to Tempur-Pedic, a leading manufacturer of mattresses and pillows and a part of Tempur Sealy International, Inc. (NYSE: TPX). It’s situated on 20 acres at 10333 West Buckeye Road, at the southwest corner of 103rd Avenue and Buckeye Road/MC-85 Highway in Phoenix, Arizona. The property is strategically located two miles from a full-diamond interchange at I-10 and 107th Avenue, positioning it within a world-class e-commerce market that is home to companies like Amazon, McKesson, Pepsico, Kroger and Home Depot.

Jim Garvey, President and Portfolio Manager, LaSalle Property Fund said: “We are pleased to add Buckeye85 to our portfolio. Our conviction in well-located, Class A industrial assets remains strong, and we believe this acquisition will continue to support the strong relative performance of the fund.”

Matt Bogovich, Vice President of Transactions, added: “We are pleased to have acquired such a high-quality industrial asset in Phoenix. Buckeye85 stands out given its new construction, modern features, and prime location. This transaction is consistent with LPF’s objective to increase exposure to industrial properties, especially in locations with favorable supply and demand dynamics.”

LaSalle Property Fund invests in and manages a portfolio of diversified high-quality core real estate assets in major markets across the US in the industrial, multifamily, office, retail and niche sectors. Since its inception in 2010, LaSalle Property Fund has focused on creating and managing a portfolio with an emphasis on property types with strong growth potential and lesser risk of disruption from secular changes. The Fund’s assets are diversified across major and niche property sectors in major American markets, aiming to provide reliable returns.

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

Paris (September 11, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has agreed a 10-year lease of its landmark office building at 69 Boulevard Haussmann in Paris with FLEX-O, a provider of premium coworking and office spaces. As part of the deal, the building, which is owned by LaSalle’s flagship pan-European core-plus fund Encore+, will undergo a new fit-out, including the replacement of windows, led by FLEX-O and its parent company Groupe Courtin.

The building offers a total lettable area of 6,700 square meters over seven floors and car parking for 95 cars. Situated in a prime location in the heart of the prestigious eighth arrondissement, 69 Boulevard Haussmann offers views of Rue des Mathurins and Rue des Arcades and exceptional transport connections. It is located just 150 metres from Saint Lazare train station and a few minutes’ walk from metro lines 3, 8, 9, 12, 13 and 14, as well as the RER regional express lines A and E. The iconic Haussmannian building is positioned in the capital’s Central Business District and on one of its main shopping streets, close to major department stores.

Scheduled for completion in March 2025, the fit-out of 69 Boulevard Hausmann will transform the building into a modern workspace, combining an outstanding city-centre location with a premium range of amenities, services and technologies. The long-term lease signed with a single tenant reaffirms LaSalle’s ability to provide investors in Encore+ with exposure to high-quality commercial real estate assets in Europe’s leading markets.

David Ironside, Fund Manager, LaSalle Encore+, said: “Hosting FLEX-O at 69 Boulevard Haussmann demonstrates the flexibility of this building to adapt to a variety of uses and layout configurations, as well as the growing tenant demand for centrally located, high-quality offices. FLEX-O’s offering, their eco-responsible approach and experience in creating modern, flexible workspace environments have convinced us to work together to revitalise the attractiveness of this landmark building.”

Christophe Courtin, Founder and CEO of FLEX-O, states: “With this new location on one of the most beautiful boulevards in Paris, within one of its most iconic buildings, we strengthen our presence in the capital and reach a decisive milestone in our development. FLEX-O Paris Haussmann stands out not only for its strategic location but also for its exceptional quality, which reflects our commitment to providing our clients with prestigious and accessible workspaces. We are delighted to be partnering with LaSalle to deliver on our vision of flex-office and coworking, which combines innovation, eco-responsibility and flexibility, meeting the diverse needs of all types of modern companies.”

BNP Paribas Real Estate represented both parties in this transaction.

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

Paris / Île-de-France is home to Europe’s top micro-locations for efficient logistics distribution, according to the inaugural release of the Paths of Distribution score, published today by LaSalle Investment Management (“LaSalle”). The innovative, granular new research gives the ability to compare logistics locations at a micro, market, country and pan-European level, with extensive flexibility for understanding, benchmarking and ranking locations at both micro and macro scale.

The Netherlands, thanks to its immediate access to Europe’s major consumption centres and having one of the crossroads of trade within and into Europe, was identified as the strongest-performing country. The port city of Rotterdam, the key gateway of global trade, ranked second and is joined in the top 20 regional markets by local rivals Amsterdam and the North Brabant region of Breda and Tilburg. Germany, the second-best performing country, provided another five of Europe’s top 20 markets, all in the west of the country, establishing this corner of north-western Europe as a hotspot for manufacturing and transportation. The UK, although separated from continental European logistics markets, placed third in the country standings, with Greater London its highest-ranked logistics market, although the West and East Midlands, the North-West of England (surrounding Manchester) and Kent all placed in the top 20 thanks to their strong infrastructure.

Belgium was fourth best performing, with the Antwerp and Brussels markets ranking seventh and seventeenth respectively. The wider Milan region also scored highly in the rankings, despite comparatively low investment volumes historically, while the Veneto-Verona corridor was another Italian market which scored well, with domestic consumption being the primary driver. Likewise, in Poland, the biggest winners were the Katowice-Krakow corridor and Lodz – ranking above the capital Warsaw – both growing notably in recent years and benefitting from investment in infrastructure and labour availability. LaSalle’s analysis shows there is a positive correlation between Paths of Distribution and logistics take-up, making a connection between current demand and these locations’ potential.

Micro-location and methodology
The research is the first of its kind, and takes an innovative, granular approach to its methodology, breaking the continent down into 158,445 10-kilometre hexagons. Each micro-location is scored across four key pillars of manufacturing output, consumer spend, infrastructure quality and the proximity to skilled labour. The model not only factors in demand, but also considers the cost from an operator’s perspective of meeting that demand, using an extensive set of region-to-region road freight transport cost metrics, along with a random forest machine learning model evaluating how extensive and accessible the road network is at the most granular level.

The top scoring micro-location hexagons are in the Eastern Crescent that semi-circles Paris, stretching from the area surrounding the Charles de Gaulle airport in the north, moving south-east through Noisy-le-Grand, then continuing south covering Créteil. This sub-market of Paris benefits from excellent connectivity into Paris, as well as to the wider French market, and further north and east.

Logistics distribution scoring is unlike other city rankings because it is about far more than central cities – entire regions and all the micro-locations within them are potentially efficient places for distribution. So the LaSalle team took a new approach filling in all the gaps in the regions of Europe between cities. The vibrant maps showing location scores across all of Europe highlight the corridors, conurbations, clusters, and crescents which define the optimal locations for modern logistics.

Petra Blazkova, Head of Research & Strategy, Core & Core-Plus Capital, Europe at LaSalle, said: “With continued uncertainty around energy prices and supply chains being disrupted, cost uncertainty is high across the continent for logistics providers. Location is a key variable which distributors can still control, and so it is more important than ever: optimising your choice of location can help minimise exposure to these other risks and protect your supply chain. Today’s rankings demonstrate which areas are best for distributors to try to insulate themselves from those pressures. As investors in the sector, this new insight into the most resilient logistics markets in Europe informs our portfolio composition and asset management.”

The full top 20 logistics markets were as follows:

1 Paris / Île-de-France, France
2 Rotterdam, The Netherlands
3 Frankfurt-Mainz, Germany
4 Milan, Italy
5 Greater London, United Kingdom
6 Rhine-Ruhr, Germany
7 Antwerp, Belgium
8 West Midlands, United Kingdom
9 Madrid, Spain
10 Dortmund, Germany
11 Amsterdam, The Netherlands
12 East Midlands, United Kingdom
13 Stuttgart, Germany
14 North West England (Manchester), United Kingdom
15 North Brabant (Breda-Tilburg), The Netherlands
16 Karlsruhe-Mannheim corridor, Germany
17 Brussels, Belgium
18 Veneto-Verona corridor, Italy
19 Kent, United Kingdom
20 Barcelona, Spain

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (September 3, 2024) – LaSalle Investment Management (“LaSalle”) and Trilogy Real Estate today announce the arrival of De Montfort University (DMU) to their education and innovation campus in East London: The Amp.

DMU will take 18,000 square feet, taking The Amp’s total building occupancy to 83% as it celebrates the first anniversary of its opening last September.

The move brings DMU students right into the heart of London, where it will offer postgraduate students programmes specialising in sustainable practice, aiming to equip professional managers and aspiring leaders with the skills to manage businesses ethically and lead with social responsibility underpinned by DMU’s commitment to the UN Principles for Responsible Management Education (PRME).

Located at 41–71 Commercial Road in Aldgate, The Amp is a new campus for education and innovation in the East London district of the Tower Hamlets. Tenants alongside De Monfort University include Nottingham Trent’s Confetti Institute of Creative Technologies, Access Creative College and London College of Contemporary Arts.

The construction project to transform The AMP was completed in under a year to meet the operational requirements of the education occupiers, who needed an opening date in September 2023. The Amp provides space for education and innovation in a well-connected location, with one foot in central London and the other in the dynamic creative scene in the East of the city. Specialist on-site facilities include recording studios, multi-purpose performance space and an arena for gaming and esports.

The Amp reprises Trilogy’s successful partnership with LaSalle Investment Management, which has previously resulted in the transformation of Republic London from a dated office and disaster recovery space to a thriving education campus with over 15,000 students attending six universities and private education providers. The next phase of Republic London was granted planning consent last year and will also include 715 rooms of purpose-built student accommodation and a modern data centre, adding an infrastructure component to this mixed-use development and creating a new kind of urban campus centred on innovation, higher education and accommodation.

Chris Lewis, Managing Director, LaSalle Value-Add Investments, said: “The addition of De Montfort University to our exciting mixture of universities at The Amp, taking the campus to 83% let within a year of opening, shows the strength of the offer and the demand for education-led innovation campuses in leading European gateway cities.

“The Amp forms part of LaSalle’s broader European value-add strategy, bridging the gap between infrastructure and real estate, with a focus on new economy sectors such as mixed education campuses, urban accommodation, student housing, private medical facilities, distribution and data centres.”

May Molteno, Head of Campus Experience and Social Impact, Trilogy Real Estate, added: “At Trilogy we thrive on delivering exceptional education and innovation campuses which deliver high-quality facilities for colleges, universities and business. It is a testament to what the team has achieved here at The Amp that we are able to attract universities such as De Montfort. We look forward to welcoming students on site to join what is fast becoming a bustling community of learners and future innovators.”

DMU’s Vice-Chancellor, Professor Katie Normington, commented: “This expansion marks a pivotal moment for DMU as we reinforce our commitment to sustainability and educational innovation. For the first time, all staff at the new campus will undergo sustainability training, and Carbon Literacy will be integrated into the core curriculum for all students.

“Moving into The Amp allows us to do this in a unique way that give our students a campus experience while empowering them students not only through classroom-based sustainability-focused learning but also through direct engagement with the UN, industry partnerships, internships, networking opportunities, and practical experiences within London’s thriving business community.”

41-71 Commercial Road was originally built in 1971 as the London College of Furniture. The college operated until 1992, when it was taken over by London Metropolitan University, and the building was vacated in 2016 when the university rationalised its estate.

Work on the seven-floor refurbishment began in October 2023, led by main contractor Oktra, Project Manager Quartz Project Services, Architect Hawkins\Brown and Civic Engineers.

The completed building provides flexible, open floorplate space tailored to the needs of universities and colleges, as well as business and industry partners that may look to co-locate with a university to access the talent of the future and provide facilities for research and industry innovation. The Aldgate and Whitechapel area is already well established as a community for higher education, as well as being one of Central London’s youngest and fastest growing neighbourhoods, with a major life sciences cluster planned for the site of the former Royal London Hospital Buildings to the north of The Amp.

Allsop and DLA acted on the deal for Trilogy and LaSalle. DMU has been advised by Metric RE and Mills and Reeve.

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About LaSalle Value-Add Investments

LaSalle Value-Add Investments is part of LaSalle’s growing US $10 billion Debt and Value-Add Strategies platform in Europe and targets higher-return real estate equity investments across Europe, with a focus on conviction investment themes and dislocation opportunities.

About Trilogy Real Estate

Trilogy Real Estate was founded in 2015 by former Resolution Property partner Robert Wolstenholme as an investment and development company specialising in transforming unloved assets to create inspiring and positively impactful mixed-use innovation campuses where the world of work meets education, skills and training.

LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has acquired a central London hotel from abrdn for £56 million on behalf of a UK Custom Account client.

The modern, 291-bedroom hotel is situated on the Minories, at Tower Hill in the City of London. The hotel is let to Motel One – the European hotel operator – on a long-term inflation-linked lease. The building achieved a BREEAM ‘Excellent’ rating on its construction in 2014 and has an EPC rating of ‘A’.

Sophie Simmonds, Managing Director, UK Custom Accounts at LaSalle, said: “We are delighted to add this acquisition to our client’s growing portfolio. The hotel meets our objectives, being a high-quality asset with strong sustainability credentials, in a fantastic city-centre location, with a long-term inflation-linked income stream, and leased to a leading European hotel operator.”

LaSalle was advised on the transaction by Kimmre. abrdn was advised by JLL.

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages US$84.8 billion of assets in private and public real estate equity and debt investments as of Q2 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information, please visit www.lasalle.com, and LinkedIn.

Chicago (July 9, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that it has promoted Kyle Dupree to Head of Asset Management and Pat Pelling to Head of Transactions. Both are long-time LaSalle veterans who will report to Brad Gries, Head of Americas, in their new roles.

As Head of Asset Management, Kyle brings a wealth of experience executing asset-level strategies, honed through his years of experience on the asset management team. Having joined the firm in 2010, Kyle has demonstrated exceptional growth and leadership, and will be responsible for leading asset management initiatives and processes across various property sectors. He also provides strategic leadership for digital enterprise applications and spearheads the valuation process for U.S. private equity. Kyle is based in LaSalle’s San Diego office.

Pat works out of LaSalle’s New York office, and succeeds Brad as Head of Transactions. Pat has an impressive track record of success at the firm, with over 15 years of experience in both asset management and transactions positions. Most recently, Pat has been a key leader with the transactions group – sourcing, underwriting, and executing new investments. He has also served as a thought leader, driving new, strategic investment initiatives, programmatic partnerships and cultivating key relationships.

Brad Gries, Head of Americas at LaSalle Investment Management, commented: “These promotions highlight LaSalle’s continued focus on strategic leadership succession and our desire to foster the growth of talented people within our firm. Both Kyle and Pat are exceptionally good at what they do, and we are proud to welcome them into these leadership roles.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.
LLaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $87 billion of assets in private and public real estate equity and debt investments as of Q1 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

Chicago (June 3, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that Brad Gries has been named Head of the Americas. Brad, who previously served as Co-Head of the Americas, will retain his position as Chair of the LaSalle Americas Investment Committee, resume his role as Co-Chief Investment Officer for LaSalle Americas and maintain his role as part of the Global Management Committee.

As Head of the Americas, Brad will oversee all personnel, operational, and investment management activities across the region for LaSalle.  As Co-Chief Investment Officer, Brad’s focus will be on setting investment strategy and execution for the firm, continue to be an active participant in the firm’s capital raising efforts as well as direct involvement in the formation and execution of joint ventures and large portfolio transactions. Kristy Heuberger, who was formerly Co-Head of the Americas, will be leaving LaSalle this summer to pursue new opportunities.

Brad has had a successful career at LaSalle since joining the firm in 2017 to lead the US Transactions team.  In 2019, Brad also took on the role of Co-Chief Investment Officer for the Americas to help direct investment strategy and was appointed Co-Head of the Americas in 2021.

Prior to joining LaSalle, Brad held multiple leadership positions over 16 years at the real estate investment arm of DWS, most recently serving as Managing Director, Real Estate Transactions. In that role, he led the acquisition team responsible for new investment initiatives in the Central and Southeastern United States, including investments in all property types and across the risk spectrum.

Brad Gries, Head of Americas at LaSalle Investment Management, commented: “I am excited to continue leading our highly talented team, building on the great results we have achieved in the Americas. Kristy has been an incredible partner and it has been an honor to have worked closely with her over the past several years. I wish her the best in this next phase of her successful career.”

Mark Gabbay, Global Chief Executive Officer at LaSalle Investment Management, added: “We thank Kristy for her contributions in advancing our Americas platform over the past nine years and wish her the best in her next chapter.  We have deep conviction in the Americas team under Brad’s leadership to continue delivering optimal outcomes for our investors and stakeholders and further propel the growth and development of our Americas business.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $87 billion of assets in private and public real estate equity and debt investments as of Q1 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

London (June 4, 2024) – LaSalle Investment Management, the global real estate investment manager, has provided a loan facility of €150 million through its flagship real estate debt fund, LREDS IV, to refinance a portfolio of 17 big-box logistics assets across Europe owned by Brookfield through its private real estate funds.

Brookfield has partnered with leading development managers Panattoni and Logistik Service to source opportunities, develop and lease the projects. The portfolio includes 17 projects across Sweden, Spain, Germany and Poland, split between six completed projects (five of which are fully let), four in development and seven consented plots. It focuses on grade-A high-specification logistics assets with a typical BREEAM rating of Very Good or Excellent.

David White, Head of LaSalle Real Estate Debt Strategies, said: “Working with a best-in-class sponsor in Brookfield and two top-tier development managers in Panattoni and Logistik Service means our facility is secured against some of the highest-quality assets and projects available in the European logistics market. Our team works to provide bespoke solutions to our borrower’s needs, and we are pleased to support such a high-quality logistics portfolio.”

Rohit Srivastava, Managing Director in Brookfield’s Real Estate Group, added: “We are pleased to work with LaSalle to complete this refinancing, which will support the continued growth of our portfolio of big-box logistics assets. The team were able to provide a bespoke financing package that addressed our requirements.”

Ends

About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages almost US $87 billion of assets in private and public real estate equity and debt investments as of Q1 2024. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information, please visit www.lasalle.com, and LinkedIn.

About LaSalle Debt Investments
LaSalle Debt Investments is part of LaSalle’s growing $US 10 billion Debt and Value-Add Strategies platform in Europe and invests in a diverse range of real estate credit solutions – spanning senior loans, whole loans, mezzanine, development finance, corporate finance, NAV facilities and preferred equity – with significant experience across various sectors, geographies, deal sizes and capital structures. Since launching the business line in 2010, LaSalle has been one of Europe’s most active alternative real estate debt providers with a long track record of lending to best-in-class sponsors.

Marketing Disclaimer: This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for information purposes only and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results. Please refer to the offering documents Encore+ for detailed information on the risks, reward and performance information of the Fund.

Toronto (May 6, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, has appointed Michael Fraidakis as Head of Alternative Investment Strategies and Chief Investment Officer, Canada, strengthening the firm’s senior team in the region. He will lead LaSalle’s existing flagship value-add fund series in Canada and play a primary role developing new investment strategies and associated capital raising.

Michael is an industry veteran with 27 years of multi-functional leadership experience across all real estate asset classes and markets in Canada reflecting over C$20 billion in completed transactions throughout his career. He joins LaSalle from BGO, where he was most recently Managing Director, Head of Canadian Investments, responsible for the development and execution of investment strategies across all clients, funds, markets, and sectors. Michael began his career at BGO as an analyst in 2002, and over the years established himself as the company’s lead underwriter in Canada. Michael led multiple growth initiatives including product and business development as well as growing the firm’s programmatic partnerships. Prior to BGO, Michael held roles in finance at Beutel Goodman Real Estate Group and the Cadillac Fairview Corporation.

As part of this newly created role, Michael will assume the responsibilities of Chris Lawrence, Head of Value-Add Strategies, Canada, who is set to retire in June this year. Michael joined LaSalle on April 15 and reports to John McKinlay, CEO of LaSalle Canada, in the firm’s Toronto office.

John McKinlay, CEO of LaSalle Canada, said: “We are proud to welcome Michael to the firm as we continue to scale our investments across Canada and especially as alternative property classes grow increasingly important to our institutional clients. By leveraging his extensive industry relationships and expanding relationships both domestically and abroad we will further strengthen our position in the market. His deep understanding of Canada’s real estate markets and inveterate experience driving growth initiatives and portfolio strategy is a great enhancement to our team.”

Michael holds a Master of Business Administration in finance and real property development from the Schulich School of Business, and a Bachelor of Administrative Studies (Honours) in accounting and finance from York University.

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate equity and debt investments as of Q4 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

Chicago (April 29, 2024) – LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announced that Jeffrey Shuster will succeed Joseph Muñoz as President of LaSalle Value Partners US (LVP US), effective immediately, and will also lead LaSalle’s US high return strategies.

In his new role, Jeffrey will lead LVP US, LaSalle’s flagship value-add fund series in the United States and will also spearhead LaSalle’s expansion of high return investment offerings in the U.S.

Jeffrey joined LaSalle in 2020, most recently serving as the Head of Investments for LVP US where he was instrumental in shaping, developing, and executing the funds’ investment strategy. He has over 19 years of real estate experience across both equity and debt investing.

Prior to joining LaSalle, Jeffrey spent 12 years at Starwood Capital Group, where he held diverse leadership roles across acquisitions, joint venture management and asset management.

Jeffrey Shuster, incoming President of LVP US at LaSalle Investment Management, commented: “I am excited to have the opportunity to lead LaSalle Value Partners in the United States and to grow our high return franchise. We have deep conviction in LVP’s investment strategies and remain focused on delivering the premium investment returns that underpin our clients’ long-term success. I look forward to working with our investors in this new and expanded role, supported by my highly experienced colleagues and our integrated operating platform, to achieve their investment objectives.”

Brad Gries, Head of Americas at LaSalle Investment Management, added: “Jeffrey’s unique skillset and professional experience position him well to take on this role, having worked alongside the rest of our longstanding LVP US team to drive numerous successes for our high-return initiatives over the past four years. I look forward to working closely with Jeffrey to build upon LVP US’ contribution to our primary objective of delivering superior investment performance on behalf of our investors.”

END

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate equity and debt investments as of Q4 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com, and LinkedIn.

NOTE: This information discussed above is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made to certain qualified investors by means of a private placement memorandum or applicable offering document and in accordance with applicable laws and regulations. Past performance is not indicative of future results, nor should any statements herein be construed as a prediction or guarantee of future results.

Washington / New York (April 11, 2024) – A new global report from the Urban Land Institute (ULI) and LaSalle Investment Management (LaSalle), a leading real estate investment management firm, offers a new framework to help the real estate industry act on climate risk disclosure data. Across the real estate industry, practitioners understand physical climate risk to assets and portfolios poses a financial risk, but there are still many challenges to enacting on the data being collected and disclosed.

This new framework is the latest tool for real estate investors and other practitioners to evaluate the costs of action and inaction when it comes to investing in resilience. The report, Physical Climate Risks and Underwriting Practices in Assets and Portfolios, is the second in a series by ULI and LaSalle. Building on the first report that outlined how to source and interpret reliable climate risk data, the second provides a market overview, adaptable framework, and recommendations based on emerging best practices for incorporating physical climate risk in the underwriting process.

“Physical climate risk data collection and disclosure is the first step the real estate industry can take to further invest in and build resilient infrastructure,” said Lindsay Brugger, head of Urban Resilience at ULI. “Data drives action and doing nothing incurs deeper costs — from higher insurance premiums to asset repair or replacement. Focusing on the underwriting process, the framework offers investment managers a methodology for developing risk-adjusted returns so deals can be adapted in alignment with a firm’s fund or portfolio objectives.”

“Of the $850 billion of commercial real estate tracked by NPI, LaSalle estimates $285 billion, or 34% is situated in high and medium-high climate risk zones in the US,” said Julie Manning, Global Head of Climate and Carbon at LaSalle Investment Management. “This report helps provide guidance that investment managers can follow to factor the climate risk data they have available to them and improve outcomes at the asset and portfolio level. We want to lead the conversation across the industry and collaborating with ULI is a great conduit to amplify the discussion that will ultimately benefit investors of all kinds with more resilient real estate portfolios.”

The framework is broken down into three steps for decision making based on individual asset risks, local market risks, and ongoing risk mitigation efforts:

1. Evaluate the level of exposure to physical climate risk and financial implications;
2. Identify hazard mitigation strategies and estimate associated costs; and
3. Determine risk-adjusted return and whether or not that return meets firm objectives

The redevelopment will also look to meet future tenant requirements and evolving work trends with high-quality amenities to promote in-person interaction and facilitate a hybrid working, including an auditorium, business centre, bars and restaurants, event spaces and a media broadcast studio.

As climate impacts continue to influence real estate markets around the world, improving understanding of physical climate risk and adjusting pricing to reflect risk are growing imperatives. Firms can better navigate the complexities of physical climate risk and capitalize on emerging opportunities by leveraging this new report’s insights and guidance. Prioritizing knowledge diffusion and empowering informed decision-making processes is key to effectively managing and mitigating incoming climate risks in the evolving real estate industry, whether at a community or individual building scale.

The full report and downloadable framework can be found on ULI’s Knowledge Finder.

REPORTERS AND EDITORS: For more information, please contact:

ULI

media@uli.org

LaSalle

Drew McNeill

drew.mcneill@lasalle.com

About the Urban Land Institute

The Urban Land Institute is a non-profit education and research institute supported by its members. Its mission is to shape the future of the built environment for transformative impact in communities worldwide. Established in 1936, the institute has more than 48,000 members worldwide representing all aspects of land use and development disciplines. For more information on ULI, please visit uli.org, or follow us on Twitter, Facebook, LinkedIn, and Instagram.

 About LaSalle Investment Management

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages over US $89 billion of assets in private and public real estate equity and debt investments as of Q4 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit www.lasalle.com, and LinkedIn.

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $89 billion of assets in private and public real estate equity and debt investments as of Q3 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London and Zurich (February 5, 2024) – LaSalle Investment Management and Swiss Life Asset Managers complete a joint venture focusing on the German logistics market. The venture will recapitalise a €320 million seed portfolio of five grade-A fully let logistics assets contributed by Swiss Life Asset Managers and seek to acquire and develop additional logistics assets. Swiss Life Asset Managers will act as the asset and investor-developer manager and the insurance arm of Swiss Life will retain a minority equity stake in the aggregate portfolio.

The five seed assets, across the Rhein-Ruhr, Koblenz and Zwickau regions, have a total lettable area of 236,000m² with 100% CPI-indexed rents.

This investment presents LaSalle with an opportunity to partner with a best-in-class manager in a preferred sector, overseeing a portfolio of exceptional award-winning, state-of-the-art logistics assets in the robust German logistics market. The partnership is set to leverage Swiss Life Asset Managers’ fully integrated logistics platform and benefit from the sustained high demand for logistics assets in key trading and transport hubs across continental Europe.

Mathias Malzbender, Managing Director, LaSalle Global Solutions, commented: “This investment and partnership with Swiss Life Asset Managers, a leading institutional real estate developer and manager, provides us with an exceptional opportunity to expand in one of the most sought-after sectors in Europe. Swiss Life Asset Managers is a sophisticated and valued partner, and we look forward to building a successful relationship and continuing the success of this portfolio. Given that the German logistics market is among the top-performing in Europe, focusing and expanding in this region has long been a priority for us at LaSalle.”

Per Erikson, Head Real Estate at Swiss Life Asset Managers, added: “We are pleased to partner with LaSalle and create long-term value for our stakeholders. Our unique insights and access to the investment market as well as our development expertise have become a differentiating feature and a competitive advantage. I am particularly pleased that our European Logistics platform, headed by Ingo Steves, developed the exclusive seed portfolio for this venture. In LaSalle we have a like-minded and solid partner investing with us in the dynamic and promising European logistics market.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $89 billion of assets in private and public real estate equity and debt investments as of Q3 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

About Swiss Life Asset Managers

Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries. As at June 30, 2023 assets under management for third-party clients amount to €114.8 billion. Together with insurance assets for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at €265.8 billion. Swiss Life Asset Managers is a leading real estate manager in Europe.¹ Of the assets totalling €265.8 billion, €91.7 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling €21.6 billion in value. Total real estate assets under management and administration at the end of June 2023 thus came to €113.3 billion.

¹ INREV Fund Manager Survey 2023 (AuM as of December 31, 2022)

London (January 29, 2024) LaSalle Investment Management (“LaSalle”), the global real estate investment manager, today announces that Alexandre Arhuis-Grumbach has been appointed to the newly created role of Head of Transactions Europe, Core and Core+ Strategies.

Previously Head of Encore+ Transactions, Alexandre will now oversee all transactions, across LaSalle’s core and core+ commingled funds (including the firm’s flagship Encore+ fund) and custom accounts in Europe.

In his new role, the core and core-plus transactions teams across the UK and continental Europe will report into Alexandre, who will in turn report into LaSalle’s Head of Europe, Philip La Pierre.

Alexandre has worked at LaSalle for more than 13 years, having joined in 2010 as a financial analyst on a pan-European Value-Add fund before becoming an acquisitions manager in France. He earned an MSc in Civil Engineering from the French school ESTP and an MSc in Real Estate Management from Glasgow Caledonian University. He is also a Member of the Royal Institution of Chartered Surveyors (MRICS).

Philip La Pierre, Head of Europe at LaSalle, said: “Alexandre’s newly created role will help drive core and core-plus transactions as the market continues its recovery from the macroeconomic headwinds it has faced. Having worked with LaSalle for well over a decade, Alexandre has been instrumental in the success of our flagship Encore+ fund and we are delighted that a wider range of our clients will now benefit from his transaction expertise.”

Alexandre Arhuis-Grumbach, Head of Transactions Europe, Core and Core+ Strategies at LaSalle, commented: “This is an exciting opportunity to lead LaSalle’s core and core-plus transactions at a critical time, working with a best-in-class team to source and execute transactions in line with our clients’ investment objectives. I am delighted to take on this new role and help ensure that LaSalle continues to expand across the UK and continental Europe, while maintaining its position as one of the world’s leading real estate investment managers.”

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $89 billion of assets in private and public real estate equity and debt investments as of Q3 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (January 25, 2024) LaSalle Investment Management, the global real estate investment manager acting on behalf of Malaysian investor Permodalan Nasional Berhad (PNB), has selected Multiplex Construction Europe Limited (Multiplex) as the main contractor for the construction of One Exchange Square, a state-of-the-art 447,000 square foot office development at Broadgate Campus in the City of London. M3 Consulting are acting as the Development Manager for the project.

Designed by Fletcher Priest Architects, the 13-story scheme to be delivered by Multiplex will comprise 430,000 square feet of premium workspace and 17,000 square feet of retail, fronting both Bishopsgate and the newly re-landscaped park at Exchange Square. With 13 upper floors and floorplates averaging 40,000 square feet, the building features landscaped terraces on every floor, totalling 33,000 square feet across the building. In addition to boasting a striking feature reception and 8,000 square feet amenity lounge, One Exchange Square benefits from outstanding transport connections and a diverse array of amenities, conveniently situated just a one-minute walk from Liverpool Street Station and surrounded by vibrant locations such as Broadgate Campus, Spitalfields, Shoreditch and the City of London.

Scheduled for completion in Q1 2026. One Exchange Square is envisioned as an office of the future, designed to meet tenants’ high sustainability and wellness demands. It is targeting exemplary environmental credentials, including a BREEAM Outstanding rating, NABERS 5* and Well Platinum. By retaining 90% of the existing structure, the asset will have 50% lower embodied carbon than a typical new build office of comparable size, saving approximately 7,600 tonnes of CO2e compared to the GLA 2030 target. The project is 100% electric, using intelligent façade design and mechanical services twinned with building management systems to manage operational energy use.

Gary Moore, Head of International Accounts, Europe, LaSalle Investment Management commented: “Once completed, One Exchange Square will be a truly landmark office development in London. It will boast top-notch environmental performance ratings in a conveniently central location, and is poised to be highly sought after for years to come. We are excited to work with Multiplex on its development and construction, integrating state-of-the-art design and sustainability features to cater to the needs of its future tenants.”

Callum Tuckett, Managing Director at Multiplex, said: “We are incredibly proud to have been selected by LaSalle and PNB to transform this key building in the Broadgate campus and the City of London. We look forward to working with our development partners and all the professional teams to deliver a contemporary and highly sustainable building that will have a positive impact not just on its occupiers but on the surrounding areas of Bishopsgate and Exchange Square.”

Trowers & Hamlins LLP advised on property, planning, procurement and construction legals. The construction team was led by partner James Huckstep and assisted by Nicola Conway and Natasha Kaulsay.

JLL and Cushman and Wakefield are advising on the repositioning and leasing of the project.

ENDS

About LaSalle Investment Management | Investing Today. For Tomorrow.

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately US $89 billion of assets in private and public real estate equity and debt investments as of Q3 2023. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles, including separate accounts, open- and closed-end funds, public securities and entity-level investments.

For more information, please visit www.lasalle.com, and LinkedIn.

London (January 16, 2024) LaSalle Investment Management (“LaSalle”) and Trilogy Real Estate have completed the 135,000 square feet refurbishment of The Amp, a new campus for education and innovation in the Aldgate district of the London borough of Tower Hamlets. 40% of the building will be immediately occupied by two pre-let tenants: Nottingham Trent University’s Confetti Institute of Creative Technologies and Access Creative College.

A further two floors of the building have been let to the London College of Creative Arts (LCCA), bringing the building up to 66% occupation ahead of completion. Allsop advised Trilogy during the leasing to LCCA, and Mark Kleinman at James Andrew International acted for LCCA.

The construction project to transform the buildings at 41-71 Commercial Road was completed in under a year to meet the operational requirements of the education occupiers, who needed an opening date in September 2023. The Amp provides space for education and innovation in a well-connected location, with one foot in central London and the other in the dynamic creative scene in the East of the city. Specialist on-site facilities include recording studios, performance space and an arena for gaming and esports.

The Amp reprises Trilogy’s successful partnership with LaSalle Investment Management, which has previously resulted in the transformation of Republic London from a dated office and disaster recovery space to a thriving education campus with over 15,000 students attending six universities and private education providers. The next phase of Republic London was granted planning consent in October 2023 and will also include 715 rooms of purpose-built student accommodation and a state-of-the-art data centre, adding an infrastructure component to this mixed-use development and creating a new kind of urban campus centred on innovation, higher education and accommodation.

Chris Lewis, Managing Director, LaSalle Value-Add Investments, said:

“The Amp is a great example of our venture with Trilogy, which is creating exciting new urban higher education assets to meet the increased demand from universities in gateway cities. 66% of the space has already been leased prior to completion, reinforcing The Amp’s offering as a thriving education and innovation campus.”

“It is part of LaSalle’s broader European value-add strategy, bridging the gap between infrastructure and real estate, with a focus on new economy sectors including urban accommodation, student housing, private medical facilities, distribution and data centres.”

Robert Wolstenholme, Founder and CEO of Trilogy Real Estate, said:
“The Amp is the latest example of our strategy to develop the best innovation campuses in the country. Focused on breathing new life into unloved buildings in our city centres and high streets, our goal is well-connected hubs for universities and colleges that offer easier access and more choice for students. Our buildings create opportunities to collaborate and even co-locate with industry, business, the local community and the third sector.
“The Amp has been an ambitious project to take on – we were blessed with a building with good bones, but which needed total modernisation with a 12-month turnaround. It’s testament to the skill of the team and our contractors and designers that the result belies the huge effort that has gone into getting it into tip-top condition in time and on budget. Huge amounts of work have gone into delivering a stunning, bespoke space for our occupiers and, in turn, the students that will be beginning their professional careers in this inspiring and uplifting place.”

Craig Chettle, CEO of Confetti Institute of Creative Technologies, said:

“The decision to take a pre-let at The Amp, with such a tight programme to delivery in September 2023, did present a significant challenge for us, but this was more than offset by the potential reward on offer. What has been delivered is a fully bespoke environment for our university courses in a fantastic location for our staff and students, supported by Trilogy’s focus on creating a campus for education that is more than the sum of its parts.

“We’re delighted to be here in the heart of one of East London’s great creative communities. At Confetti, we train our students for a career in the creative and entertainment industries, and being in Aldgate means there’s no shortage of opportunities for students to gain hands-on ‘Do It For Real’ experience. This, combined with the very best technology, studios, equipment and industry-connected tutors, means that students have access to the highest standard of specialist creative higher education.

The Amp was acquired by LaSalle and Trilogy from the Department for Education in a sale facilitated by the government-owned property company, LocatED, in the summer of 2022.
The partnership was advised on the acquisition by strategic real estate consultancy Kauffmans, which also acted to structure the pre-leasing agreement for Access Creative College and Confetti Institute of Creative Technologies during the negotiations to acquire the building.

41-71 Commercial Road was originally built in 1971 as the London College of Furniture. The college operated until 1992, when it was taken over by London Metropolitan University, and the building was vacated in 2016 when the university rationalised its estate.

Work on the seven-floor refurbishment began in October 2023, led by main contractor Oktra, Project Manager Quartz Project Services, Architect Hawkins\Brown and Civic Engineers.

The completed building provides flexible, open floorplate space tailored to the needs of universities and colleges, as well as business and industry partners that may look to co-locate with a university to access the talent of the future and provide facilities for research and industry innovation. The Aldgate and Whitechapel area is already well established as a community for higher education, as well as being one of Central London’s youngest and fastest growing neighbourhoods, with a major life sciences cluster planned for the site of the former Royal London Hospital Buildings to the north of The Amp.

Student lifestyles are supported by a strong local offer that includes plentiful PBSA, nightlife, leisure and food & drink options, excellent transport connectivity and proximity to London’s cultural attractions. The Amp’s location on a well-connected city-centre high street also makes it an attractive choice for mature students or students who wish to live in their family home during their studies.

Both Access Creative College and Confetti Institute of Creative Technologies have a large welcome space on the ground floor of the building, with full height glazing and their own entrances onto Commercial Road that create a highly visible public “shopfront” that encourages public interaction. Bespoke fitouts for each occupier have been completed as part of the refurbishment works, with specialist facilities including recording studios prepared for the start of the academic year.

To the rear of The Amp, the former Met Works building, a warehouse extension built in the 2000s, has been converted into an auditorium space for Confetti Institute of Creative Technologies. This auditorium will allow the Institute to host live music, comedy, spoken word, esports, screenings and more. Access Creative College will operate a music venue within their space, providing opportunities for students within the college to use their skills within a live environment.

The sustainability and energy performance of the building has been substantially upgraded, with an all-electric heating and cooling system that ensures no fossil fuels are burned on site. All new glazing and upgraded energy performance means that the refurbished building is fully compliant with the requirements of Part L and is rated BREEAM Excellent with WiredScore Platinum and an EPC “B” rating.

Ends

About LaSalle Investment Management | Investing today. For tomorrow.
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, we manage approximately US $82 billion of assets in private equity, debt and public real estate investments as of Q2 2022. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit lasalle.com and LinkedIn.

About LaSalle Value-Add Investments
LaSalle Value-Add Investments is part of LaSalle’s growing US $10 billion Debt and Value-Add Strategies platform in Europe and targets higher-return real estate equity investments across Europe, with a focus on conviction investment themes and dislocation opportunities. The business line was reconstituted in 2021, building on LaSalle’s long-term track record of European special situations and value-add equity investing and complementing the established opportunistic/value-add fund series in Asia and North America.

About Trilogy Real Estate
Trilogy Real Estate is a London-based real estate investment and development business specialising in unlocking the hidden potential of buildings through rigorously considered yet highly creative asset management strategies to inspire the talent of the future and regenerate urban environments. trilogyproperty.com/

About Confetti Institute of Creative Technologies
Confetti Institute of Creative Technologies is a dynamic and progressive learning institute offering specialist vocational education and training – from college-level courses to postgraduate degrees. Subject areas include audio and music technology and performance, games design and production, esports production, film and television, animation and VFX, and live events production. Home to over 2,500 students across its Nottingham and London