LaSalle’s E-REGI fund doubles assets under management
MUNICH (January 25, 2018) — LaSalle Investment Management’s E-REGI pan-European core fund reached €654m of assets under management at the end of 2017, just under double the figure seen at the beginning of the year. The fund was bolstered by the purchase of eight new assets totalling €335 million over the last 13 months, in Germany, Italy, the Netherlands, the Czech Republic and France.
The fund’s strategy is based on LaSalle’s annual European Regional Economic Growth Index (E-REGI) and is focussed on the office, logistics and retail sectors. Its strong performance is reflected in the fund’s current five-year average total return of 6.44%. It is currently invested in six countries, with the strongest presence in Germany.
Uwe Rempis, Fund Manager of the LaSalle E-REGI fund, said: “This fund has seen strong performance throughout with stable income across all assets. Going forward, our aim is to continue to grow the fund through the acquisition of quality assets in growth markets that diversify the current country and sector allocation. We expect to see further investment from investors thanks to the fund’s solid track record and sustainable returns and distributions.”
“The fund’s research-based strategy, now in its 18th year, identifies the fastest growing regions in Europe with the best prospects for investment. Our experienced team has built a balanced, stable portfolio with an occupancy rate of more than 96%”.
LaSalle E-REGI fund is an open-ended real estate fund, launched by the specialist investment company LaSalle Investment Management Kapitalverwaltungsgesellschaft mbH (“LaSalle KVG”), which is 100% owned by LaSalle GmbH, and has attracted investment from a number of major institutional investors. It aims for stable income return from a diversified core portfolio (office, retail, logistics) in transparent markets. The investment strategy is based on a quantitative model, the European Regional Economic Growth Index (E-REGI) which has been developed by LaSalle since 1999, and identifies the cities and regions across Europe that have the greatest economic growth potential over the short to medium term. The fund also utilises additional screening filters such as JLL`s Global Real Estate Transparency Index.
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.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.