LaSalle IM to tap Korean outbound property investment
The firm gains an asset management licence to capture heightened demand by Korean institutions seeking real estate exposure in the West.
LaSalle Investment Management has gained an asset management licence in South Korea, a move the real estate manager says is in response to growing institutional demand for exposure to overseas property.
The licence, granted by South Korea’s Financial Services Commission, enables LaSalle to offer domestic institutional investors access to its property funds and also co-investment into specific real estate deals.
The firm, which runs a $47.7 billion property investment portfolio, …
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