LaSalle UK formalises transition management team
LONDON (November 28, 2016) — LaSalle announces that it has formalised the structure of its portfolio transition management team ahead of anticipated industry activity. The team will be managed by Julian Agnew, LaSalle’s UK Chief Investment Officer.
The formalised team integrates LaSalle’s UK direct investment and global indirect teams. This cohesive and uniquely in-depth knowledge-base will continue to ensure a successful transition of both take-on real estate assets and strategy reorientation.
Julian will work closely with Rebecca Gates, the Head of UK Asset Management, and Jennifer Gaines, the Head of Global Indirect Investments, who have both been closely involved in all recent transition programmes.
As well as managing these assets, LaSalle has extensive experience of integrating employees who are transferring under employment rights regulations, having dealt with large and small transfers when taking on existing property portfolio mandates, service provider changes, and through mergers and acquisitions.
Alan Tripp, Head of UK for LaSalle Investment Management, said: “In our UK business, LaSalle has a long history of supporting new clients as they move their assets under our management. We have taken on existing portfolios of close to £3 billion across direct and indirect assets since the global financial crisis, including both private and public sector mandates. However, in light of changes to part of our investor base, such as the local government pooling initiative, we felt that it was the right time to formalise this important function.”
Julian Agnew, Chief Investment Officer of LaSalle UK, added, “We understand that clients are looking for a well-documented, clearly communicated transition strategy that minimises operational and performance risks. We have well-established and documented procedures, designed to ensure a smooth transition of assets to the nominated fund and asset managers. In the case of LGPS, which requires the amalgamation of multiple pension funds with varying strategies and differing exposures, LaSalle is well-placed to work with new clients and provide a successful transition with one team.”
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
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