LaSalle Investment Management has launched LaSalle Global Partner Solutions (LaSalle GPS), an indirect property investment business, following the closing of its acquisition of the real estate multi-manager business of Aviva Investors.
LaSalle GPS will be led by CEO, Ed Casal, who joined LaSalle from Aviva Investors where he was CEO of global real estate and co-founder of its global indirect real estate business. Casal will be based in New York and has joined LaSalle’s global management committee.
'I am delighted to be leading the LaSalle GPS team and am excited about the offering the platform can provide for LaSalle’s clients,' said Casal. 'The combined team is highly-experienced, has deep operator relationships, and will leverage LaSalle’s industry-leading real estate research and global client service capability.'
'By utilising LaSalle’s existing capabilities, we intend to grow the business and further enhance our global indirect offering, which is of great importance to our clients,' added Jeff Jacobson, global CEO at LaSalle Investment Management.
The new platform will offer a range of opportunities across private, public, debt and equity segments through investment in third-party and in-house funds, joint ventures, co-investments and secondaries.
It combines the Aviva multi-manager indirect business, LaSalle’s existing European-based global indirect investment team, and its global strategic co-investment team based in Chicago. The combined business will have assets under management of more than $10 bn across all geographies and risk profiles and a team of 40 investment professionals located in Chicago, New York, London and Singapore.
