Three firms hold final closes, raising €1.5b
Three firms announced final closes in November 2017, raising more than €1.5 billion in equity commitments. LaSalle Investment Management held a final close of its LaSalle Real Estate Debt Strategies III (LREDS III) fund with aggregate commitments of £804 million (€911 million), exceeding its £750 million (€850 million) target.
LREDS III will invest across western Europe, with a focus on the United Kingdom. Its strategy is to focus on lending against quality assets with best-in-class sponsors; the combination offers compelling risk-adjusted returns across mezzanine and whole loan investment opportunities.
The LREDS III closing, combined with the LaSalle Residential Finance third tranche of £260 million (€295 million) secured earlier in the year, brings the capital raised in 2017 for LaSalle’s debt investment platform to approximately £1.1 billion (€1.3 billion).
M7 Real Estate held the final closing of M7 European Real Estate Investment Part