LaSalle Investment Management has been awarded US$207.11 million investment mandate by Bayerische Versorgungskammer (BVK) to invest in global real estate securities.
The mandate will be managed by the firm’s dedicated securities group, LaSalle Investment Management Securities, theasset.com has reported.
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Stan Kraska, managing director of LaSalle Investment Management Securities, said: "This new public securities program provides BVK another attractive method for investing in real estate around the world."
In August last year, BVK awarded LaSalle 500 million mandate for global core real estate investing in direct real estate investment opportunities across all property types and selected geographies.
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