LaSalle pooled property play targets Asian retail investors

ipac adds property investment manager to its multi-manager line.

Australia-based ipac Investment Services Asia is adding property securities investment to its multi-manager offering for clients in Hong Kong and Singapore. This will provide the first international property exposure in a manager-of-manager package for retail markets.

The firm is adding a portfolio of pooled property investments, similar to real-estate investment trusts - these will be managed by LaSalle Investment Management, the investment arm of Jones Lang LaSalle, the property developer. LaSalle is primarily an institutional asset manager...

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