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- January 1, 2018: Vol. 12, Number 1

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Three firms hold final closes, raising €1.5b

by Andrea Waitrovich

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

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