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PRUPIM to Become Sole Manager of Asia Property Fund
After more than five years jointly managing the Asia Property Fund (APF), LaSalle Investment Management and PRUPIM have agreed that PRUPIM will assume sole responsibility for managing the Fund. LaSalle will provide asset management services to the fund’s existing portfolio through December 2012.
With PRUPIM becoming the sole manager of APF, LaSalle plans to focus on bringing country-specific core and core-plus products to its clients as a complement to the firm’s Asia opportunity fund series (now in its third iteration) and its Japan logistics fund series (currently in its second iteration).