LaSalles E-REGI Special Fund acquires two prime office buildings (DE)
Thursday 27 October 2011
LaSalle Investment Management (“LaSalle”) announced the acquisition of two German properties on behalf of its E-REGI special fund. These are the “2-Scheiben” office building in the PLACE 4 Business Park, Ratingen and the office building 13/15 Junghofstrase, Frankfurt.
The “2-Scheiben” office is the Western Region headquarters of Coca-Cola, which is anchor tenant of the fully-let ensemble of three buildings. A condition of the lease was award of the internationally-recognised LEED platinum green building certification. The PLACE 4 business park is situated on the outskirts of East Ratingen, adjacent to Dusseldorf airport, and is also home to Esprit, Nokia and SAP. GermanInvest Property Advisors GmbH acted as consultant in the acquisition process.
LaSalle's acquisition at 13/15 Junghofstra¦Âe is located within Frankfurt's prime banking district, and has been let to Morgan Stanley Deutschland on a long-term basis. The office was acquired from BGT Grundstucksverwaltungs- und Beteiligungsgesellschaft mbH & Co. KG fur Citybauten, a property company of Helaba Landesbank Hessen-Thuringen.