Cases & Deals

LaSalle forms JV with Swiss Life Asset Managers

Client(s) Jones Lang LaSalle Incorporated

Jones Day advised LaSalle Investment Management on a German-focused logistics real estate joint venture with Swiss Life Asset Managers. The joint venture will recapitalize a €320 million seed portfolio of five grade-A fully let logistics assets contributed by Swiss Life Asset Managers and seek to acquire and develop additional logistics assets. The five seed assets, which are spread across the Rhein-Ruhr, Koblenz, and Zwickau regions, have a total lettable area of 236,000 square meters. The German logistics market is one of the strongest performing in Europe.

LaSalle Investment Management is one of the world's leading real estate investment managers. On a global basis, LaSalle manages approximately US$ 89 billion of assets in private and public real estate and credit investments (as of Q3 2023). Swiss Life Asset Managers’ total real estate assets under management and administration amount to €113.3 billion (as of 30 June 2023).