Key Takeaways
- • LaSalle Investment Management has secured a €450 million custom account mandate for Continental European office investments on behalf of a German pension fund, to be managed through its Institutional Investment Partners (2IP) platform in Germany.
- • The mandate targets core office assets across France, Germany, the Netherlands, and Spain, focusing on high-quality, well-located properties positioned to benefit from resilient occupier demand and limited new supply in prime workplace markets.
- • The award follows a competitive selection process and underscores LaSalle's established track record in European office sector investments and its capacity to deliver tailored institutional real estate solutions.
- • Philip La Pierre, Head of Europe at LaSalle, and Falko Schlafke, Head of Custom Accounts for Continental Europe, will lead the portfolio construction, targeting income-generative core office assets across key Continental European cities.
Summary
LaSalle Investment Management has won a €450 million custom account mandate focused on office sector investments across Continental Europe, awarded by a German pension fund and structured through LaSalle's Institutional Investment Partners platform in Germany. The selection follows a competitive bidding process and reflects institutional confidence in LaSalle's European capabilities and specialized expertise in office market investments.
The mandate targets core office assets in four key Continental European markets: France, Germany, the Netherlands, and Spain. Investment strategy centers on acquiring high-quality, well-positioned office properties in prime locations that are expected to benefit from sustained occupier demand, constrained new supply pipelines, and the enduring appeal of institutional-grade workplace real estate. This positioning aligns with broader institutional appetite for resilient income-generating assets in mature European markets where structural supply constraints support valuations.
Philip La Pierre, Head of Europe at LaSalle, characterized the mandate as "a significant achievement" reflecting the firm's "deep expertise in office markets across the continent" and its ability to deliver tailored solutions for institutional clients. Falko Schlafke, Head of Custom Accounts for Continental Europe and fund manager of the mandate, emphasized the capital deployment opportunity into core office assets across major Continental European cities. The mandate represents a validation of LaSalle's institutional platform, which as of Q4 2025 manages $86.9 billion in assets on behalf of over 375 institutional investors globally. This award adds to LaSalle's recent capital raising momentum in European real estate, including its €600 million raise for a European real estate debt fund and ongoing whole loan investment programs in Italy and Germany.
The mandate targets core office assets in four key Continental European markets: France, Germany, the Netherlands, and Spain. Investment strategy centers on acquiring high-quality, well-positioned office properties in prime locations that are expected to benefit from sustained occupier demand, constrained new supply pipelines, and the enduring appeal of institutional-grade workplace real estate. This positioning aligns with broader institutional appetite for resilient income-generating assets in mature European markets where structural supply constraints support valuations.
Philip La Pierre, Head of Europe at LaSalle, characterized the mandate as "a significant achievement" reflecting the firm's "deep expertise in office markets across the continent" and its ability to deliver tailored solutions for institutional clients. Falko Schlafke, Head of Custom Accounts for Continental Europe and fund manager of the mandate, emphasized the capital deployment opportunity into core office assets across major Continental European cities. The mandate represents a validation of LaSalle's institutional platform, which as of Q4 2025 manages $86.9 billion in assets on behalf of over 375 institutional investors globally. This award adds to LaSalle's recent capital raising momentum in European real estate, including its €600 million raise for a European real estate debt fund and ongoing whole loan investment programs in Italy and Germany.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.