# m8720.docx

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EUROPEAN COMMISSION

Brussels, 11.1.2018

C(2018) 203 final

PUBLIC VERSION

To the notifying parties:

To the notifying parties

:

Subject:Case M.8720 – Jones Lang LaSalle / Intu properties / The Chapelfield Partnership

  Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004
  1
  and Article 57 of the Agreement on the European Economic Area
  2

Subject

:

Case M.

8720 – Jones Lang LaSalle / Intu properties / The

Chapelfield

Partnership

Commission decision pursuant to Article 6(1

)(

b) of Council Regulation (EC)

No

139/2004

1

and Article 57 of the Agreement on the European Economic Area

2

Dear Sir or Madam,

Dear Sir or Madam,

1.On 8 December 2017, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings LaSalle Investment Management ("LaSalle", United Kingdom) and intu properties plc ("intu", United Kingdom) acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation control of the whole of Chapelfield Partnership LP (the "JV", United Kingdom) wholly owner of Chapelfield shopping centre ("Chapelfield", United Kingdom), by way of a purchase of shares.
  3

1.

On 8 December 2017, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertakings LaSalle Investment Management ("LaSalle", United Kingdom) and

intu

properties plc ("

intu

", United Kingdom) acquire within the meaning of Articles 3(1)(b) and 3(4) of the Merger Regulation control of the whole of

Chapelfield

Partnership LP (the "JV", United Kingdom) wholly owner of

Chapelfield

shopping centre ("

Chapelfield

", United Kingdom), by way of a purchase of shares

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

a.for LaSalle: real estate investment management firm. It is an indirect, wholly-owned subsidiary of Jones Lang LaSalle Incorporated,

a.

for

LaSalle: real estate investment management firm. It is an indirect, wholly-owned subsidiary of Jones Lang LaSalle Incorporated,

b.for intu: real estate investment trust, largely focused on shopping centre ownership, management and development across the United Kingdom and, to a more limited extent, in Spain,

b.

for

intu

: real estate investment trust, largely focused on shopping centre ownership, management and development across the United Kingdom and, to a more limited extent, in Spain,

c.for Chapelfied: covered commercial shopping centre in Norwich, a city in the east of England, in the United Kingdom.

c.

for

Chapelfied

: covered commercial shopping centre in Norwich, a city in the east of England, in the United Kingdom

.

3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(c) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004.
  4

3.

After examination of the notification, the

European

Commission has concluded that the notified operation falls within the scope of

the

Merger

Regulation

and of

paragraph 5

(

c

)

of

the Commission Notice on a simplified procedure for treatment of certain concentrations under

Council Regulation (EC)

No

139/2004

.

4

4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

4.

For the reasons set out in the Notice on a simplified procedure, the

European

Commission has decided not to oppose the notified operation and to declare it compatible with the

internal

market and with the EEA Agreement. This decision is adopted in application of Article 6(1

)(

b) of

the

Merger

Regulation

and Article 57 of the EEA Agreement

.

For the Commission

For the Commission

(Signed)

(Signed)

Johannes LAITENBERGER
  Director-General

OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

OJ C 366, 14.12.2013, p. 5.