The sale of Westend Yards completes the manager’s disposition of the Triple Portfolio. :
PGIM Real Estate’s European value-add fund has sold a 32,000sqm office property in Munich to LaSalle Investment Management. The manager said the sale of the six-story Westend Yards asset at Hansastrasse 24-36 completes PGIM Real Estate’s disposition of the Triple Portfolio. Financial details were undisclosed. PGIM Real Estate, on behalf of its European value-add strategy, acquired the Triple Portfolio in 2016 and comprised two additional assets in Munich located in Neuperlach and near Ostbahnhof.