lasalle-pooled-property-play-targets-asian-retail-investors

LaSalle pooled property play targets Asian retail investors

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

By Jame DiBiasio

June 13, 2006

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 and this is its first platform to target Asian retail customers. This is also the first alternative investment that ipac has added to its mix of underlying fund managers.

ipac is a unit of Axa...

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North Asia