Only three months after having been awarded a global mandate, LaSalle Investment Management has made an initial property investment on behalf of Bayerische Ärzteversorgung (BÄV - Bavarian doctors’ pension fund), one of the 12 pension institutions of BVK (the Bavarian umbrella pension scheme for self-employed professionals - including doctors, lawyers and architects).
The logistics facility was acquired in a sale-and-lease-back transaction in Toronto and has a total floor space of ca. 36.000 m². The property has been let on a long-term basis to Schenker of Canada. The purchase price was ca. €25 million.