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.