Investment Management has made its first Dutch acquisition for French public service additional pension scheme, ERAFP.
The investment manager has bought an office property in Amsterdam for the French pension scheme, L鈥橢tablissement de Retraite Additionnelle de La Fonction Publique.
LaSalle has previously invested for ERAFP in , France and the Czech Republic, where it .
ERAFP has also made real estate investments in Finland, Spain, Sweden and the UK.
The deal is LaSalle鈥檚 sixth for ERAFP, having been awarded a 10-year mandate in 2015 to focus on core and core-plus properties.
LaSalle said the multi-let asset, in Sloterdijk, is in a location with good accessibility at affordable rental levels.
Beverley Shadbolt, fund manager at LaSalle, said the office will also further add geographic diversification to the fund and offer stable existing income and upside through leasing.
ERAFP has in Europe through Investment Managers鈥� real assets division.
ERAFP, which first tendered for real estate managers and increased its allocation to real estate , also uses Global Investors and Europe as managers, as well as and Real Estate as standby managers.
