LaSalle sells German retail park portfolio (DE)

LaSalle Investment Management has sold a portfolio of three German retail parks to pension funds 'Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG' and 'Höchster Pensionskasse VVaG' on behalf of its Income and Growth Fund (the LaSalle German Income and Growth Fund).

The properties, which are located in Berlin and the Bavarian cities of Eching and Oberau, have a total floor space of ca. 9.000 m² and are let to several retail chains including anchor tenants like EDEKA and REWE.

Colliers International in Munich acted as broker in the transaction.

Source: Edelman

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