Global investment firms LaSalle and Quantum Global Real Estate have created a joint venture to invest in large real estate assets around the globe. The initial focus is expected to be Australia, France, Germany, the UK and the US.
Global investment firms LaSalle and Quantum Global Real Estate have created a joint venture to invest in large real estate assets around the globe. The initial focus is expected to be Australia, France, Germany, the UK and the US.
With leverage the venture has $1 bn (EUR 753 mln) gross initial buying power.
The venture is targeting predominantly core real estate assets in excess of $100 mln and located in major mature real estate markets around the world. It will seek to make investments on its own and also as part of club arrangements with like-minded institutional investors, La Salle said,
LaSalle, the investment arm of New York-listed property firm Jones Lang LaSalle, has about $47 bn of assets under management. Quantum Global is a Swiss-based group of internationally active companies in the fields of finance, asset and private wealth management, real estate development and investment consulting with over $5 bn of assets under management.
