LaSalle Investment Management has announced plans to launch a German regulated investment company or KAG in a bid to gain wider appeal among German, Austrian and Swiss real estate investors.
LaSalle Investment Management has announced plans to launch a German regulated investment company or KAG in a bid to gain wider appeal among German, Austrian and Swiss real estate investors.
In order to achieve this, LaSalle Vermögensverwaltungs, a subsidiary company 100%-owned by LaSalle, has been launched by LaSalle's registered office in Munich, and a licensing application has been filed with the the German Federal Financial Supervisory Authority Bafin.
As soon as this license has been approved, LaSalle Vermögensverwaltungs will operate as LaSalle Investment Management Kapitalanlagegesellschaft (LaSalle KAG).
Claus Thomas, regional director of LaSalle GmbH and designated member of the Supervisory Board of LaSalle KAG commented: 'Our intention to establish a KAG in Germany and to launch a specialist investment fund places long-term emphasis on our belief in the strategic potential of the German market - both in terms of its real estate and investors. It will also allow us to provide the German institutional investor market, which is an increasingly important source of capital in Europe, with tailor-made access to international investments by combining LaSalle's global real estate presence with local reach.'
