Thursday, August 02, 2007

Auto Distribution Completes €85.3 Million Sale Leaseback of 51 Auto Service Centers In France

Business Immo - July 31, 2007

LaSalle Investment Management (LIM) has acquired, on behalf of the fund, LaSalle French Fund II, 51 Automobile Distribution (AD) centres, for €85.3 million. Purchased from RREEF, within the scope of a sale & leaseback operation, this deal follows LIM’s acquisition of Speedy centres of a few months ago. LIM has thus become the sector’s leading investor.

Colliers, and the consulting firms, LeBoeuf, Lamb, Greene & MacRae and Cheuvreux acted as advisers to LaSalle in the deal. Catella and the law firm, Freshfields acted as advisers to the seller. Sphere: Related Content

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