LaSalle Investment Management has announced that it has been selected as the subadvisor for an open-ended global REIT fund sponsored by Nikko Asset Management. Designed for Japanese individual investors, the fund has already raised 14 billion yen (US$130 million/€108 million) to date.
“The global REIT market is expanding rapidly, and, as evidenced by their reaction to this fund, Japanese investors have increasingly been attracted to the higher liquidity and yields offered by real estate securities,” said Steve Carroll, Global Securities Portfolio Manager, LaSalle Investment Management. “We’re delighted to announce this joint venture with Nikko Asset Management to offer our investment expertise and global scope to Japanese investors.”
“LaSalle is one of a small number of real estate securities managers that offer global capabilities and has investment specialists based in Europe, Asia and the United States,” he continued. “One of our key strengths is our ability to tap into Jones Lang LaSalle´s vast property network, which gives us a unique insight into property securities investments around the world. The fund will target public REITs and REIT-like companies in North America, Western Europe and the Asia-Pacific region.”
Source: LaSalle Investment Management
