LaSalle IM deploys €700m in European real estate debt

Global real estate investor LaSalle Investment Management has deployed over €700 mln in real estate debt across Europe in the last year. 

David White

This includes two recent whole-loan investments in Italy and Germany.
A loan was provided to refinance a 260-unit flexible build-to-rent property in Milan. The property, operated by City Pop and owned by a joint venture between Harrison Street and Artisa Group, is LEED Gold certified and has a Fitwel Design 2-star rating.
LaSalle IM also secured a development loan for BGO to finance the acquisition and construction of two Class-A logistics facilities in Cologne and Munich. These facilities are in strategic locations, and nearly 50% of the space is already pre-leased, including a 15-year lease for a tenant's German headquarters.
During the same period, LaSalle's global real estate debt platform raised over US$1.7 bn (€1.4 bn) in capital.
David White, head of LaSalle Real Estate Debt Strategies, Europe, said: “These deals reflect the strength of the LaSalle Debt Investments platform, and our ability to support institutional borrowers with bespoke, flexible financing solutions across sectors and geographies. Looking ahead, we will continue to expand our presence in key urban markets, focusing on resilient sectors with an emphasis on high-quality assets and forward-looking fundamentals. The deals also represent our ability to invest directly in the Italian market, paving the way for future collaboration with Harrison Street and Artisa Group, and a second time working with BGO as they grow their European logistics platform.”