LaSalle acquires commercial building in Hamburg

LaSalle Investment Management has made its second acquisition in Germany on behalf of the French public pension scheme ERAFP. The property was sold by Norddeutsche Grundvermögen. The refurbished building provides 5,700 sqm of modern lettable floor space, 75 percent of which is leased to tenants from a variety of industries. LaSalle was advised by Jebens Mensching, WTS and Valteq. The seller was advised by CMS Hasche Sigle. IAM Immobilien Asset Management acted as a broker.