Office
Trí, Munich
Two prime office buildings in Munich’s vibrant Westend
About the building
Isle d’Abeau is a recently completed 21,248 square meter logistics development. The property was the first of three deliveries in a partnership with French logistics developer JMG. The facility consists of 19,966 square meters of warehouse space, 1,050 square meters of office space and 268 square meters of loading area. Specifications include a 10-meter clear height, 24 loading docks, ESFR (early suppression, fast response) sprinklers, and parking for 110 vehicles and 6 trucks.
Investment rationale
Adhering to LaSalle Encore+’s location-driven investment strategy, the asset is located along the French logistics backbone, 30 kilometres east of Lyon. It benefits from excellent connectivity to French population centers as well as major European markets, particularly in Italy and Switzerland.
Purchasing the building while it was still in a development stage provided an excellent opportunity to add an asset to the fund that had not yet reached its full value.
Achievements
On completion in 2019, the asset was fully let on a long-term basis with no break clause for eight years, meaning the building is able to offer long-term stable income, while its attractive location and new condition leaves space for rent reversion and capital appreciation.
The property has an insulated double skin on courier areas, a rainwater recovery system and the office areas have a reversible heating and cooling system. It has received a BREEAM “Very Good” environmental certification for new construction. BREEAM certifications are used to assess the design, construction, intended use and futureproofing of new building developments, including the local, natural or human-created environment surrounding the building.
The fund managers are currently (February 2022) exploring the possibility of further reducing the building’s environmental impact by installing solar panels on the roof and automating energy consumption.
Gallery
Isle d’Abeau is part of the LaSalle Encore+ portfolio
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A new-build logistics warehouse southeast of Paris with access to the A5 Autoroute and the Francilienne (Paris ring road)
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Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.
Important information about sustainability
A decision to invest should consider all characteristics or objectives disclosed in the offering document. Please refer to the offering document before making any final investment decision.
Except where specified either in this webpage or any other documents, any ESG or impact goals, targets, commitments, incentives, initiatives or outcomes referenced in any information, reporting or disclosures published by LaSalle are not being marketed to investors or promoted and do not bind any investment decisions made in respect of, or the management or stewardship of, any funds managed by LaSalle for the purposes of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. Any measures in respect of such ESG or impact goals, targets, commitments, incentives, initiatives or outcomes may be overridden, may not be implemented or may not be immediately applicable to the investments of any funds managed by LaSalle (in each case, at LaSalle’s sole discretion).