LaSalle sells Parkstadt Office in Munich to Real.IS (DE)

LaSalle Investment Management has sold the building ensemble Parkstadt Office in Munich on behalf of its LaSalle German Income und Growth Fund (LGIG).

The property, which was completed in 2011, comprises three buildings: 'be blue', 'be green' and 'be orange'. The scheme has a total office space of 38,000 m².

The property is almost fully let. The main tenant is MAN Truck & Bus AG, one of Europe's leading industrial players in transport-related engineering. The parties have agreed to not disclose the purchase price.

The property was acquired by two special funds of Real.IS Investment GmbH. Colliers International, Munich, acted on behalf of LaSalle.

Source: Citigate Dewe Rogerson

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