Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

5475

LaSalle launches Balanced UK Property Fund

RELATED TOPICS​

LaSalle Investment Management has launched the LaSalle Balanced UK Property Fund for institutional investors. 

The new investment vehicle is a core open-ended UK property fund offering investors from around the world the opportunity to access LaSalle’s UK property platform. 

The fund will invest in properties across the office, retail and warehouse market segments.

LaSalle expects real estate to perform strongly over the next five years, due to current higher yields and a long-term rebound in rental values. Although some assets have become over-priced during the rally of the last six months, LaSalle expects further opportunities to present themselves in the second half of the year as deal flow improves.

The target size of the fund is GBP500m, with a first close expected in the summer of 2010.

The fund will be managed by Andrew Bull, a real estate investment manager with over 35 years’ experience.

Bull says: “The LaSalle Balanced UK Property Fund provides investors from around the world  with access to LaSalle’s award-winning UK property platform, which has outperformed the IPD Universe over three, five and ten year periods, and by 580bps in 2009. We aim to optimise investment performance through disciplined market and property selection, implementing asset management plans and following a focused approach to sales. 

“We have been considering launching this Fund for several years and believe that now is the right time for this type of long-term investment vehicle. We estimate that yields still have some way to go before fair value as a whole is breeched, and past trends suggest the UK property cycle offers at least a two-year window to buy into attractive returns following a downturn.”

Latest News

Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15..
New analysis by London-based Nickel Digital Asset Management reveals 38 listed companies with a combined..
Bloomberg has announced that for the first time, its proprietary Bloomberg Second Measure (BSM) transaction..

Related Articles

Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Different flavours
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led, multi-boutique global asset manager with over USD20 billion under management, recently undertook a survey with 204 UK investment professionals, seeking insights into their perceptions and attitudes towards boutique asset managers...
In what is believed to be the first survey of its kind in the UK market, Nedgroup Investments, the investment-led,..
UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by