Munich: LaSalle IM acquires “Bella” and “Else”


LaSalle Investment Management is acquiring two office buildings in Munich from Axa Investment Managers. TD has learned from market insiders that the purchase agreements have now been signed for the properties “Else” in Laim and “Bella” in Bogenhausen. The purchase price for both properties together is around €170mn. Colliers International was commissioned with the marketing of the properties, which had been on the market since the late summer. The “Else” involves two connected office buildings with around 24,400 sqm UFA, while the “Bella” has 15,300 sqm of lettable space.

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