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QuadReal Forms $495M Strategic Industrial Partnership with LaSalle
QuadReal Property Group, a global real estate investment, development, and operating company headquartered in Vancouver, British Columbia, has announced a strategic partnership with LaSalle Investment Management. The collaboration centers on the recapitalization of a $495 million industrial portfolio within QuadReal’s direct U.S. industrial platform.
The portfolio includes 11 industrial assets totaling 3.3 million square feet, located in major population centers near critical infrastructure across five key states: Georgia, Pennsylvania, New Jersey, Texas, and Washington. Under the agreement, LaSalle will acquire a 49% interest in the portfolio, while QuadReal will retain majority ownership and continue to manage the assets.
The partnership also includes provisions for LaSalle to make additional capital commitments toward the acquisition of similarly high-quality, well-located industrial properties.
“Expanding our presence in key U.S. logistics markets is a core part of LaSalle’s investment strategy,” said Stuart Sziklas, Global Portfolio Manager at LaSalle Investment Management. “This transaction allows us to access a high-quality portfolio in markets with strong fundamentals, while creating long-term value.”
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