LaSalle Investment Management is opening its first office in Frankfurt.
The office is being opened to deal with the company’s large German client base, said Jeff Jacobson, LaSalle Investment Management’s recently-appointed European CEO.
The company already has offices in London, Paris and Amsterdam and is also opening an office in Singapore.
The second closure of LaSalle Investment Management’s Euro 5 fund is expected within the next month. The fund has raised €285m and expects to raise a total of €300m, before gearing up 65%. The fund acquires a range of properties in five European countries, with active management opportunities.
The fund will invest in France, Italy, Spain, Portugal and Germany. It has raised more than €100m at its first closing in December.
