LaSalle Investment Management has been awarded $1 bn (€750 mln) of equity to invest in US real estate by a large European institutional investor.

LaSalle Investment Management has been awarded $1 bn (€750 mln) of equity to invest in US real estate by a large European institutional investor.

The new mandate will seek direct real estate investment opportunities across all property types in primary and top secondary markets in the US.

'We continue to see strong interest from sophisticated investors from around the globe in more customized strategies like this one targeting the US commercial real estate market,' commented Jason Kern, CEO of LaSalle Americas.

He added: 'We anticipate continued economic growth and improving real estate fundamentals over the next few years, and believe ongoing changes in demographics, technology and urbanization will provide attractive risk-adjusted investment returns across most major property types in the US.'

The new mandate comes shortly after LaSalle’s recent announcement that it has raised $1 bn in equity since the beginning of 2014 for Asia Pacific investment strategies.