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: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

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.


SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.