LaSalle Investment Management opens office in Dubai (UAE)

LaSalle Investment Management ('LaSalle'), the leading global real estate investment manager, has opened a representative office in Dubai in support of its commitment to the company's Middle Eastern clients.

The Dubai office will be led by Nick Brooks, Regional Director, who has been based in LaSalle's London office since 2002 and has been client service manager to LaSalle's Middle Eastern clients for the last eight years. In his capacity leading the new office, Brooks will be responsible for ensuring regional clients have full access to LaSalle's premium brand of client service and global real estate fund offerings.

Nick Brooks, Regional Director, LaSalle, comments: "Over the last eight years we been working with many of the Gulf's institutional investors and we are dedicated to continuing to provide them with the highest levels of client service. We believe that Gulf investors will find the current positive position of many of the world's real estate markets attractive, and being present in the Gulf in real time will help us serve them in an increasingly meaningful way. Another advantage of a local office is that it enables us to monitor the real estate investment climate more closely to determine the potential to expand our business to the Gulf region in the future."

LaSalle further maintains the characteristics of the Middle East real estate markets can potentially offer the same opportunities to those seen in Southeast Asia at the beginning of 2001. It was at this time following the Asian Financial Crisis that LaSalle established a presence in the region with its first office in Singapore, a business that now manages more than US $6.6 billion in real estate assets and employs approximately 200 staff across six Asian countries. The company is confident that with its global and local investors it can similarly capitalize on opportunities in the Middle East and is well positioned to timely and strategically grow its business in a region where it foresees growth.

Source: Citigate Dewe Rogerson

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