LaSalle Investment Management has announced the transfer of the JER European fund management business is now complete.
The transfer comprises 11 investments with more than 90 assets in two funds covering eight current jurisdictions.
Twelve JER staff are transferring to LaSalle: Chester Barnes, Colin Blackmore, Claire Handley, Deborah Rossiter, Jean-Baptiste Meyer, Dale Condon, David Germer and Christian Perpinya will be based in London; Karim Habra, Chris Zeuner, Petr Kosar and Radka Rajska will be based in Prague.
LIM chief executive Europe, Simon Marrison (pictured), said: “We are pleased to welcome our new colleagues and are eager to integrate the JER European platform and its investors into LaSalle. In this economic environment, investors appreciate the importance of maintaining the stability of the team managing the assets to maximise the recovery of equity value, and the integration puts us in a good position to provide this service.”
LIM managing director Europe, Sue Lloyd-Hurwitz, added: “As a trusted and highly experienced real estate investment manager, we look forward to serving the investors in transferring JER Europe funds and delivering LaSalle’s high-quality brand of performance and service. The integration of the teams in Luxembourg offices will bring synergies and additional skillsets to further help clients. “
Dan Ward, managing director and general counsel JER US, said: “JER has always understood that it serves at the direction of its investors. JER selected LaSalle when it was clear that a transfer of the European team was the investors’ preferred choice. JER believes LaSalle is the right choice for the investors and its former European employees.”
bridget.oconnell@estatesgazette.com
