LaSalle raises £150m

LaSalle Investment Management has raised £150m for a new junior loan programme targeting newly originated borrowings secured against UK properties.

The new capital raised brings the total discretionary capital that the global real estate investment manager has available for junior and mezzanine debt investment in the UK to more than £400m.

Amy Aznar, head of special situations, said LaSalle was well positioned to fill the debt gap as borrowers looked for new sources of capital. “We are able to invest in a wide variety of UK financing situations across various real estate assets and risk profiles,” she said.

Aznar said LaSalle was seeing a growing number of opportunities to place junior debt and mezzanine at attractive risk-adjusted returns. “Many institutional investors see junior and mezzanine debt as attractive satellite strategies to their core real estate portfolios.”