LaSalle acquires commercial property in Garmisch-Partenkirchen (DE)

A specialist investment fund of the newly-established LaSalle Investment Management Kapitalanlagegesellschaft mbH ('LaSalle KAG') has acquired a commercial property in Garmisch-Partenkirchen.

The building, which was built in 2010, comprises approximately 5,800 m² and is located in the center of the city of Garmisch. The property has been let on a long-term basis to occupants including H&M and C&A. Seller is Hummel&Dachs Entwicklungsgesellschaft. The buyer was advised by the broker Lührmann.

The newly-established specialist investment fund aims to achieve a total investment volume of €200 million to be invested in office and retail properties in prime locations with long-term leases. Its geographic focus is on Germany, France and the UK.

Source: Citigate Dewe Rogerson

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