LaSalle Investment Management has bought a 5.6m sq ft (520,240 sq m) portfolio of 52 industrial properties and one office building in Mexico from Mexican property company G Accion.
The $300m deal makes LaSalle the second largest industrial investor in Mexico.
It acted on behalf of institutional investors, including the California Public Employees’ Retirement System and funds owned and controlled by Jones Lang LaSalle.
References: EGi News 25/06/04
