LaSalle Investment Management Secures €450 Million Continental European Office Mandate

LaSalle Investment Management has secured a €450 million custom account mandate targeting core office investments across Continental Europe, the firm announced June 30, 2026. The mandate was awarded by a German pension fund and will be managed through the Institutional Investment Partners, known as 2IP, platform in Germany.

Mandate Scope and Target Markets

The mandate will focus on high-quality, well-located office assets in key European markets, with a particular emphasis on France, Germany, the Netherlands, and Spain. According to LaSalle Investment Management, the strategy targets properties positioned to benefit from resilient occupier demand, limited new supply, and the long-term appeal of prime workplace locations.

LaSalle said it was selected following a highly competitive process. The firm cited its European platform, track record in the office sector, and ability to deliver tailored real estate investment solutions for institutional clients as factors in its selection.

Executive Commentary

Philip La Pierre, Head of Europe at LaSalle Investment Management, said the award reflects the firm's expertise in office markets across the continent. "Being awarded this mandate is a significant achievement for our European team and reflects LaSalle's deep expertise in office markets across the continent," La Pierre said. "It's a proud moment to have been selected through such a competitive process and our focus is now on constructing a high-quality, income-generative portfolio on behalf of our institutional investor client."

Falko Schlafke, Head of Custom Accounts, Continental Europe at LaSalle Investment Management and fund manager of the mandate, pointed to current market conditions as creating favorable entry points. "This mandate provides an attractive opportunity to deploy capital into core office assets across key Continental European cities," Schlafke said. "The current market environment presents compelling entry points for well-located, high-quality offices, particularly in markets supported by strong occupational fundamentals and constrained new supply, and we look forward to working with our client in delivering on this strategy."

LaSalle Investment Management: Firm Background

LaSalle Investment Management is a subsidiary of JLL and manages US$86.9 billion of assets in private and public real estate equity and debt investments as of the fourth quarter of 2025. The firm's client base includes public and private pension funds, insurance companies, governments, corporations, endowments, and private individuals. LaSalle sponsors investment vehicles including separate accounts, open- and closed-end funds, public securities, and entity-level investments.

No specific properties, deployment timeline, or return targets were disclosed in connection with the mandate announcement.

Sources: LaSalle Investment Management — LaSalle Secures €450 Million Continental European Office Mandate (June 30, 2026)