A new global real estate investment platform has been launched by investment management firm LaSalle.
LaSalle Global Solutions (LaSalle GPS) will be one of the largest indirect real estate investment platforms in the world with around $10 billion in assets under management.
The announcement of the new platform follows LaSalle’s of its acquisition of the Real Estate Multi-Manager business of Aviva Investors.
Aviva’s former CEO of global real estate, New York-based Ed Casal, will lead the team which brings together the Aviva multi-manager indirect business, LaSalle's existing European-based global indirect investment team, and its global strategic co-investment team based in Chicago.
“The combined team is highly-experienced, has deep operator relationships, and will leverage LaSalle's industry-leading real estate research and global client service capability to build strong investment solutions that satisfy client objectives across the risk/return spectrum,” he said.
Range of opportunities for investors
The new platform will offer a range of opportunities across private, public, debt and equity segments through investment in third-party and in-house funds, joint ventures, co-investments and secondaries.
"The launch of LaSalle GPS is an important strategic milestone for our business that will enhance our global solutions and investment capabilities to serve our clients' needs and objectives,” said Jeff Jacobson, Global CEO at LaSalle Investment Management. “LaSalle GPS will benefit from LaSalle's existing platform of professionals who are able to provide extensive market information and insight, strong local relationships and deal flow. By enhancing LaSalle'sexisting capabilities with the addition of Aviva's multi-manager business, we intend to grow the business and further enhance our global indirects offering."
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