LaSalle raises C$800m for Canadian core fund

LaSalle Investment Management, a Chicago-based global real estate investment manager, has secured up to C$350 million ($266 million) of new capital commitments for LaSalle Canada Property Fund (LCPF), the firm’s flagship open-ended core real estate fund targeting core properties in major markets across Canada. The commitment, combined with its initial seed investment and launch of C$750 million ($570 million) in December 2017, brings the total equity raised amount to C$800 million ($608 million).

The new investments were made by a multilateral government pension fund, a European-based global financial institution that accessed the Fund through a parallel structure established in Luxembourg to allow access to certain European investors, as well as by LaSalle Investment Management and its employees. LCPF complements other LaSalle core open-end funds in the United States and Europe, which collectively manage more than $9 billion of assets under management.

Following a