LONDON-LaSalle Investment Management has closed its second European property fund. It has raised €335 million ($338 million) from investors in Europe, North America and the Middle East and leveraged this to create a €1 billion ($1.01 billion) fund. The investment strategy will focus on creating a diversified portfolio investing across a range of markets and sectors to spread risk.

Simon Marrison, LaSalle Investment Management’s Managing Director, Continental Europe said: “With a leveraged purchasing capacity of this amount, our aim is to assemble a portfolio of around 30 assets across the office, retail and logistics warehouse sectors around the Euro zone. We will be focusing upon opportunities where we can add value through the asset management capabilities of our pan-European platform.”

LaSalle Investment Management now has more than $22 billion of assets under management.

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