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- October 1, 2013: Vol. 7, Number 9

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LaSalle lands global mandate from BVK

by Richard Fleming

Bayerische Versorgungskammer (BVK) — Germany’s largest pension fund, with AUM of €55 billion — recently awarded a €500 million global real estate mandate to LaSalle Investment Management.

The BVK mandate will feature best-in-class real estate investment opportunities “across all property types, various risk profiles, capital structures, and geographies.” According to Norman Fackelmann, head of property investment management at BVK, “the LaSalle mandate will complement our existing core portfolio, and help to diversify it further.”

Claus Thomas, international director at LaSalle Investment Management, comments that LaSalle is pleased to have been tasked with helping BVK “build on its already stellar real estate portfolio.” He adds: “We are currently seeing attractive opportunities

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