LaSalle Asia fund raises more than €1bn

Fund raising Investors’ appetite for Asian real estate continues to rise following reports that an Asia focused fund launched by property fund manager LaSalle Investment Management has raised more than US$1 billion from investors. The news was disclosed by US pension scheme Arkansas Teacher Retirement System, one of the fund’s limited partners. According to the document approving the pension fund’s $50 million allocation to the LaSalle Asia Opportunity VI fund, the vehicle has raised $1.06 billion. The fund, which is eyeing a target of $1.5 billion in capital, will focus on a mixture of logistics, office, retail and residential properties in Japan, China, Australia, South Korea and Singapore. The fund’s predecessor, Asia Opportunity V, which launched in 2016, raised more than $1.1 billion. © 2021 funds global asia

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