#Canada #Vancouver #Real Estate #QuadReal #LaSalle

QuadReal and LaSalle Join Forces in a Major Industrial Partnership

In a significant move within the real estate sector, QuadReal Property Group has announced a strategic partnership with LaSalle Investment Management. This collaboration, valued at $495 million, is set to enhance QuadReal’s U.S. industrial portfolio by recapitalizing a collection of prime assets across five key states.

A Robust Portfolio

The strategic partnership focuses on a high-quality industrial portfolio that spans 11 assets, totaling an impressive 3.3 million square feet. These assets are strategically located near vital infrastructures in major population centers across Georgia, Pennsylvania, New Jersey, Texas, and Washington state. With LaSalle acquiring a 49% stake in this portfolio, QuadReal retains majority ownership and will continue to manage these assets effectively.

Jamie Weber, the Head of Americas for QuadReal, emphasized the partnership’s strategic alignment with the company's goal to leverage its operating capabilities and conviction in the industrial sector. "We are excited about deepening our partnership with LaSalle, a firm that shares our long-term outlook and investment philosophy," he stated.

Expanding U.S. Presence

Stuart Sziklas, Global Portfolio Manager at LaSalle, highlighted the importance of this transaction, noting that expanding in key U.S. logistics markets is a core part of their strategic vision. This partnership provides LaSalle with access to high-quality assets in markets with strong fundamentals, ensuring the potential for long-term value creation.

The agreement not only focuses on the existing portfolio but also allows for an additional capital infusion from LaSalle to acquire similarly well-located industrial properties, creating opportunities for further growth in the sector.

Strong Investment Strategy

QuadReal's strong investment strategy has cemented its place as one of the top 20 real estate investors globally. With a total of 23.5 million square feet of industrial space in the U.S. and an expansive global portfolio of 156.3 million square feet, the firm’s focus on the industrial market underscores its commitment to this vital sector of real estate.

The news of this partnership comes at a time when demand for industrial spaces is surging due to the increasing reliance on e-commerce and logistics, showcasing QuadReal’s and LaSalle’s foresight in navigating market trends.

About the Companies

QuadReal Property Group is headquartered in Vancouver, British Columbia, with $94 billion in assets under management. Originally rooted in Canada, QuadReal has expanded its reach globally, investing in both equity and debt across various public and private markets while focusing on creating sustainable environments.

LaSalle Investment Management is recognized as one of the leading global real estate investment managers, currently managing $88.5 billion in assets across private and public investments. Their diverse client base includes government entities, pension funds, and private corporations, indicating the robust nature of their investment strategies.

Both firms are committed to delivering high returns while contributing positively to communities through their sustainable and strategic investment frameworks. As they embark on this partnership, the future looks promising for both QuadReal and LaSalle, as they capitalize on emerging opportunities in the industrial sector.