Doppio deal per Union Investment, che vende un office building a Monaco e acquista uno shopping centre in Polonia

Union Investment sells Laim 290 office building in Munich to LaSalle.

 

Union Investment has sold the Laim 290 office building in Munich, part of its Unilmmo: Deutschland fund, to LaSalle Investment Management Kapitalverwaltungsgesellschaft (LaSalle). LaSalle, a leading global real estate investment manager, is acquiring the property for a special AIF it manages. The parties agreed not to disclose details of the purchase price.

The anchor tenant in the building, which was completed in 2008, is Bilfinger SE, occupying some 50 per cent of the total of approximately 10,381 sq of rental space. Laim 290 is ideally located for access to central Munich and the airport via Landsberger Strasse and the suburban rail network. The property has seven storeys and an underground car park with 76 parking spaces.

“The sale of Laim 290 reflects our strategy of disposing of smaller properties held by Unilmmo: Deutschland,” said Philip La Pierre, Head of Investment Management Europe at Union Investment Real Estate GmbH, Hamburg. “Against a backdrop of strong demand for well let properties in the Munich investment market, we have chosen the perfect time to sell this office building,” continued La Pierre.

“This latest acquisition means that the recently formed LaSalle Investment Management Kapitalverwaltungsgesellschaft has already exceeded EUR 1 billion of assets under management,” said Torsten Bischoff, European Director Acquisitions at LaSalle Investment Management. “We are committed to our investment strategy, and our aim in 2015 is to achieve further acquisitions worth up to EUR 500 million for our new investment management company.” Bischoff continued: “This acquisition once again emphasises our long-standing leading role in identifying investment opportunities that offer our investors an attractive risk-reward ratio.”

 

LaSalle was advised on the acquisition by law firm GSK and engineering consultancy LSPM. Union Investment was advised by Clifford Chance and brokers Colliers International Munich.

 

 

Union Investment acquires shopping centre in Poland for institutional retail fund from CBRE Property Fund Central Europe .

Union Investment announces the acquisition of  “Sarni Stok” shopping centre, Poland from the CBRE Property Fund Central Europe, managed by CBRE Global Investors. The property is the second foreign investment for UII Shopping Nr. 1 retail property fund.

 

The new addition to the portfolio is the shopping centre well known as Sarni Stok in Bielsko-Biała, in Poland’s Silesia region. Opened in 2001, it comprises of 73 retail units spread over an area of some 31,243 sq m. The centre underwent an extension and refurbishment in 2012.
CBRE Property Fund Central Europe owned the property since 2006.

 

“Sarni Stok is an established shopping centre with a diverse tenant mix located in a metropolitan area with above average purchasing power, making it an excellent fit for our thematic fund,” said Dr. Christoph Schumacher, a member of the management team at Union Investment Institutional Property GmbH, Hamburg.

 

Dr. Martin Sabelko, a Fund Manager and CEO of CBRE Global Investors Central and Eastern Europe commented on the transaction: “We are pleased to announce the completion of this disposal which is in line with our promise and our commitment to the Fund Business Plan presented to our investors. This transaction also highlights our increasing transactional activity in the C&EE region.”

 

The shopping centre has an attractive catchment area of around 400,000 people and benefits from very good visibility and an excellent accessibility both by car and public transport, with numerous bus routes stopping immediately in front of the property. Big-name anchor tenants such as Carrefour, Media Markt, TK Maxx, H&M, New Yorker, Jula and Rossmann contribute to the attractiveness of the shopping centre, which offers 1,240 free parking spaces. Law firm Hogan Lovells and JLL advised Union Investment on the deal and Clifford Chance supported CBRE Property Fund Central Europe with its legal services.

 

Pictured : Sarni Stok

 

Source : Company

Sarni Stok

Sarni Stok

Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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