News

LaSalle exceeds $1 billion for latest fund

Property_fundReal estate manager LaSalle Investment Management has raised $1.15 billion for the fifth in a series of pan-Asian, closed-ended property funds. The firm said the money came from 20 institutional investors from Asia, Europe, the Middle East and the US. Mark Gabbay, chief executive for the Asia Pacific, said the successful fundraising highlighted “Asia Pacific’s emergence as one of the most attractive destinations for real estate investors globally”. The majority (85%) of the capital is assigned to the fund with the remainder allocated for co-investments. The fund targets mispriced properties and has already allocated 37% of the committed capital in cities such as Tokyo, Singapore and Hangzhou. The LaSalle Asia Opportunity V fund was launched in August 2016 with an initial target of $750 million. The preceding fund in the series committed $585 million to a similar strategy. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

INTERVIEW: Joining the family

Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.

Roundtables

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.