Subscribe to our newsletter

LaSalle acquires London property

LaSalle acquires London property

— 1 minute read

LaSalle Investment Management has purchased a London property for £197.5 (AU$407.85) million from Deutsche Fonds Holding.

The 'freehold interest' of 60 London Wall was acquired by global real estate manager LaSalle on behalf of "an overseas client".

Deutsche Fonds Holding had acquired 60 London Wall as part of the PFM Private Funds Management GmbH (formerly IVG PFM) portfolio last year, according to a statement by LaSalle.


The building, constructed in 1991, is fully let and currently occupied by Dutch bank ING until September 2016, according to the statement.

‎LaSalle Investment Management's Gary Moore said the acquisition is in line with the company's strategy of importing international capital to London via strategic partnership vehicles.

"We are looking to identify long-term investment opportunities in areas of strong occupier demand," Mr Moore said. 

LaSalle was advised by Everton Phillips on the deal, while Deutsche Fonds Holding AG was advised by JLL and CBRE.


LaSalle acquires London property
investordaily image
ID logo

related articles

  • WAM completes Century deal

    Wilson Asset Management has completed its merger with Century Australia Investments, as it saw a positive outcome following the royal commis...

  • Private equity merger deals surge

    Australia saw 583 merger and acquisition (M&A) transactions worth $125.2 billion in 2018, with the private equity sector marking the hig...

  • Managed Accounts to rebrand

    Managed Accounts Holding is rebranding to Xplore Wealth to reflect the company’s growth purpose and underline its offering.  ...

promoted stories