LaSalle Investment Management has been awarded a €500 mln global investment mandate by Germany's largest pension fund BVK.
LaSalle Investment Management has been awarded a €500 mln global investment mandate by Germany's largest pension fund BVK.
The €55 bn Bavarian umbrella pension scheme for self-employed professionals - including doctors, lawyers and architects -has mandated LaSalle to seek real estate investment opportunities across all property types, various risk profiles, capital structures, and geographies.
The first investment is expected to be made this year.
Norman Fackelmann, head of property investment management at BVK, said: 'The LaSalle mandate will complement our existing core portfolio, and help to diversify it further. We’re delighted to be working with such a well-respected firm.'
