LaSalle appoints Philip Nell as Head of Real Return Funds

LONDON (April 12, 2018) — LaSalle is pleased to announce that Philip Nell has joined the firm as Head of Real Return Funds in the UK. He will be responsible for in excess of £3.5 billion of invested assets and available capital.

The Company is committed to cementing its position as one of the leading investors in both liability—matching inflation-linked assets and a substantial alternatives platform including residential with this new senior appointment, which signals its intent to expand its activity in this increasingly important sector.  Philip will work with existing fund managers Sophie Simmonds and Eleanor Lindsay as well as Tom Henry and Andrew Stanford, from the UK residential fund and asset management team.  In the UK, LaSalle has invested £400 million in residential assets, which includes 1,000 completed residential units and another 800 in the development pipeline.

Alan Tripp, Head of UK at LaSalle Investment Management, said: “We are looking forward to welcoming Philip as part of our substantial and very experienced fund management team at LaSalle in London, we are pleased to benefit from his wealth of experience and he will join one of the most active teams in the market implementing bespoke strategies on behalf of our real return seeking fund clients. Our focus for 2018 is to significantly increase our real return and liability-matching portfolios for our clients.

Philip has built up a distinguished reputation in the UK market, and has joined from the real estate team at Hermes Investment Management, where he was a Fund Director. He was previously Head of European Retail Funds at Aviva Investors, where he oversaw more than £2.5 billion in real estate assets across four open-ended funds. He was also previously responsible for the management of various segregated, specialist and life assurance funds totalling over £5 billion. Philip sits on the Strategic Advisory Group and is the incoming Chair of the Investment Property Forum, has also worked at JLL, is a member of the Royal Institution of Chartered Surveyors, and a member of the Governance Committee of the Association of Real Estate Funds. He holds a BSc in Estate Management from Oxford Brookes University.

Simon Marrison, CEO of Europe at LaSalle, said: “I am delighted with the appointment of Philip to the UK business; his experience will be a fitting addition to our fund management team and further reinforce our position in the UK market. The UK is a major part of our global business and our real return initiative is a part of the business where we see substantial demand from clients and we fully believe in our ability to serve them.” 

With about £12 billion of LaSalle’s global AUM located in the UK, and numerous blue chip clients, the UK business continues to play an important part in delivering real estate solutions for clients both at home and in a wider European and Global context. Our expansion into both residential and other liability matching assets in country continues apace and coupled with the substantial capital raising for our Debt and Special Situations platform is positioning us to successfully offer a variety of investment solutions for clients.

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 $60.5 billion as of Q3 2018 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

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