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La Salle to target €1 billion for fourth flagship property debt fund

Real estate investment manager LaSalle Investment Management is aiming to raise €1 billion of capital for a fourth mezzanine lending vehicle in its European property debt fund programme. 
If the firm hits its fundraising target for LaSalle Real Estate Debt Strategies IV, it will be the largest fund yet in the series. LaSalle said the target reflects high investor demand for real estate debt. It will also be the first bvehicle in the series to be euro-denominated, reflecting growing demand from continental European investors and LaSalle’s increasing focus on continental European lending deals. Its predecessor, LREDS III which is close to being fully deployed, closed on £804 million (€896 million) in 2017.
Source: perenews.com on 09 October 2019 (https://www.perenews.com/lasalle-to-target-e1bn-for-fourth-flagship-property-debt-fund-exclusive/?utm_source=sailthru&utm_medium=email&utm_campaign=pere%20daily%20eur%20paying%202019-10-09&utm_term=pere_daily_eur_paying )