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LaSalle acquires Munich office for EUR134 million

Global real estate investment manager LaSalle Investment Management has acquired Westend Yards in Munich from PGIM Real Estate on behalf of its pan-European core Encore+ fund for €134 million.

The six-storey office building, with a net lettable area of over 31,000 m2, is situated on Hansastrasse in Munich’s Westend district. The property is currently fully let to multiple tenants, including the Fraunhofer Institute, Europe’s largest organisation for applied research and development services.

Property EU – 02 April 2019