LaSalle Investment Management reduces European office exposure, targets $2bn property acquisitions in Europe by 2024.
LaSalle Investment Management, a property investor, has reduced its exposure to European offices, estimating 20-30% of the region's office space as obsolete. Despite market volatility, LaSalle targets $2bn property acquisitions in Europe by 2024, seeking growth in real estate debt. Head of Europe, Philip La Pierre, made these comments at the MIPIM real estate conference in Cannes.
March 12, 2024
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