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LaSalle adds 25,000sqm warehouse to core European property fund

LaSalle Investment Management’s core pan-European property fund has bought a logistics warehouse on the edge of Paris.
The manager said its Encore+ fund has acquired a 25,000sqm single-let asset located in Gonesse for an undisclosed sum.
The property consists of four storage cells, 26 docking bays and office space.
David Ironside, fund manager of Encore+, LaSalle Investment Management, said: “Thanks to the significant growth of e-commerce in France – the online share of total retail sales in France is currently growing at a double-digit rate – the demand for urban logistics continues to increase.

Source: realassets.ipe.com on 29 October 2019 (https://realassets.ipe.com/news/lasalle-adds-25000sqm-warehouse-to-core-european-property-fund/10034141.article)