A GERMAN fund has paid £8m for a prime site in Manchester's St Ann's Square.LaSalle Investment Management Kapitalanlagegesellschaft, or LaSalle KAG for short, has bought 2-4 St Ann's Square from DTZ Investment Management.The 16,500 sq ft building is home to HSBC which has 14 years left on its lease. The deal reflects a net initial yield of 5.75%.LaSalle KAG, a division of LaSalle Investment Management, was launched last year to attract German, Austrian and Swiss investors.It plans to buy prime retail and office sites in Germa......for the full story register now for free or login below...