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Heisse Kursawe Eversheds supported LaSalle during real estate transactions

  • Germany

    20-12-2012

    LaSalle Investment Management sold commercial properties for two of its funds in Germany. The buyer was in both cases the Rewe subsidiary Petz Rewe. A Rewe supermarket with a size of approx. 3,000 sqm was sold in Hennef/Sieg for the LaSalle German Income and Growth Fund (LGIG). Six supermarkets with a total rentable area of 20,000 sqm were sold for the LaSalle German Retail Venture Fund (LGRV). Four markets are located in and around the cities of Cologne/Siegen and two north of Dresden. LGRV is a joint venture with the Canadian British Columbia Investment Management Corporation.

    In addition, LaSalle sold another commercial property with a total usable area of approx. 2,500 sqm to a private investor for the LaSalle German Income and Growth Fund. The building is in multifunctional use and fully leased.

    The international law firm Heisse Kursawe Eversheds under the aegis of Dr. Adrian Birnbach (Counsel) comprehensively advised LaSalle. A further team member was Senior Associate Wolfgang Hierl (both specialise in real estate and construction law).

    The specialists of the team headed by the Partner Dr. Steffen Jung have been providing legal consultation services to LaSalle Investment Management in connection with real estate projects for some time.

    LaSalle Investment Management is one of the world's leading investment managers for real estate investments. With its approximately 700 employees based in 18 countries, the company manages direct and indirect real estate assets in the amount of about USD 46.7 billion, which are invested in individual customer portfolios, LaSalle funds and real estate equities. The company's diversified customers include pension funds, insurances, sovereign wealth funds, foundations and private investors of an institutional character.

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