By Richard Hook2018-05-30T10:28:00
LaSalle Investment Management has agreed to acquire Aviva Investors’ £5.3bn AUM real estate multi-manager (REMM) business and buy out Aviva’s rights as fund manager of the £1.3bn Encore+ fund, in a deal tipped by Property Week earlier this month.
As part of the deal, Aviva’s real estate chief executive Ed Casal will move to LaSalle to head up the REMM business at LaSalle, which will be one of the top five largest global non-listed indirect real estate investment managers with combined assets under management of $10bn (£7.54bn). Casal will be based in New York and joins LaSalle’s global management committee.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts