MIPIM 2012: Jones Lang LaSalle is to launch a property fund in the US, aiming to take it global and increase its value to $3bn in two years.
The fund, which will initially have a net asset value of half a billion dollars, will be called the Jones Lang LaSalle Property Trust No.1 and will be launched by the end of the year.
It will be aimed at individual investors and will hold assets within the US.
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