LaSalle Investment Management said on Tuesday that its E-Regi European core fund reached €654 mln of assets under management at the end of 2017, just under double the figure seen at the beginning of the year.
The fund was bolstered by the purchase of eight new assets totalling €335 mln over the last 13 months, in Germany, Italy, the Netherlands, the Czech Republic and France.
The fund’s strategy is focussed on the office, logistics and retail sectors and reported a five-year average total return of 6.44%. It is currently invested in six countries, with the strongest presence in Germany.
'This fund has seen strong performance throughout with stable income across all assets,' said Uwe Rempis, fund manager of the LaSalle E-Regi fund. 'Going forward, our aim is to continue to grow the fund through the acquisition of quality assets in growth markets that diversify the current country and sector allocation. We expect to see further investment from investors thanks to the fund’s solid track record and sustainable returns and distributions.'
LaSalle E-Regi fund is an open-ended real estate fund, launched by the specialist investment company LaSalle Investment Management Kapitalverwaltungsgesellschaft, which is 100% owned by LaSalle. It aims for stable income return from a diversified core portfolio (office, retail, logistics) in transparent markets.
