LaSalle launches Japanese real estate fund

LaSalle-Investment-Management/real-estate-fund/property-fund/launch/

22 November 2019
| By Chris Dastoor |
image
image image
expand image

Global real estate investment manager LaSalle Investment Management is launching the LaSalle Japan Property fund, a private open-ended core real estate fund.

The fund would focus on investments in Tokyo, Osaka, Nagoya, and Fukuoka across office, industrial, retail and multi-family sectors.

The fund launched with ¥61 billion ($827 million) of initial commitments from Japanese investors and loans from Japanese financial institutions.

The initial portfolio included six assets selected from LaSalle’s research and strategy framework of Demographic, Technology and Urbanization (DTU) for purchase of ¥105 billion.

The aim was to grow to ¥200 billion in three years and ¥300 billion in five years.

Ryota Morioka, LaSalle Japan Property Fund fund manager, said strong market fundamentals in Japan, transparent capital markets, depth of existing stock and high barriers-to-entry made the core real estate market a compelling strategy in the current environment.

“For LaSalle Japan Property Fund, we seek to leverage our existing relationships in the office, retail, industrial and multi-family sectors to create a high-quality, diversified portfolio of stabilized core assets,” Morioka said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3