LaSalle Investment Management has announced the purchase of Bexleyheath shopping centre in London. The acquisition is the latest on behalf of a pension fund client for whom LaSalle manages a pan-European mandate and takes total spending to nearly 拢400 mln (EUR 443 mln) in just 10 months.
LaSalle Investment Management has announced the purchase of Bexleyheath shopping centre in London. The acquisition is the latest on behalf of a pension fund client for whom LaSalle manages a pan-European mandate and takes total spending to nearly 拢400 mln (EUR 443 mln) in just 10 months.
The other deals LaSalle has made on behalf of the same pension fund partner include Borehamwood shopping park in Hertfordshire, Eagles Meadow shopping centre, Wrexham and Le Bl茅riot office building in Suresnes, Paris.
The shopping centre has 67 units and includes tenants such as M&S, Bhs, Sainsbury鈥檚, Boots, Next, New Look and H&M. Simon Marrison, Head of LaSalle Investment Management (Europe) said: 'This deal is yet another example of our ability to successfully transact high value and off-market deals in difficult market conditions. It also vindicates our decision to wait before we started to invest money in good quality assets.'
LaSalle Investment Management was advised by Jackson Criss.
