LaSalle Investment Management is to establish a 'Special Situations' team for the UK and Continental Europe. The new team will primarily be responsible for evaluating potential corporate level acquisitions, structured debt and equity opportunities and will be targeting the higher risk/return end of the investment spectrum.
LaSalle Investment Management is to establish a 'Special Situations' team for the UK and Continental Europe. The new team will primarily be responsible for evaluating potential corporate level acquisitions, structured debt and equity opportunities and will be targeting the higher risk/return end of the investment spectrum.
The announcement reflects LaSalle's commitment to pursuing its long-term strategic vision in all market cycles, the company said in a statement released on Wednesday. These include investments in large scale joint ventures; private real estate operating companies; corporate sale/leasebacks; structured debt and equity interests; distressed debt and public company buyouts.
The new team includes new recruit to LaSalle, Amy Aznar. Aznar comes with a 13-year track record working for some of the world's top financial institutions analyzing and executing corporate deals, and will lead LaSalle's efforts in strategic entity-level investing, large transactions and joint ventures across the UK and Europe. Aznar will be based in the London office and starts in September 2008.
Simon Marrison and Charlie Maudsley, co-heads of Europe, LaSalle IM, said: 'Our aim in establishing this new enterprise across Europe is a deliberate, strategic move to capitalise on many of the immediate- and long-term opportunities we see in the corporate real estate market. Recent volatility offers investors in Europe an opportunity to maximise returns and we believe the overall outlook for the region remains positive, with Europe being home to some of the world’s largest, most active property markets offering strong investment prospects.'
