The venture, which with leverage has $1bn of gross initial buying power, is targeting long-term investments valued above $100m, located in major mature markets. Its initial focus is expected to be on Australia, France, Germany, the UK and the US.
A “multi-disciplinary” team in charge of the venture is led by senior figures from the partner companies. These include Quantum Global owner Jean-Claude Bastos de Morais, and Jeff Jacobson, LaSalle’s global chief executive officer.
"The venture gives us access to capital that can be quickly deployed in large real estate assets, something which we believe to be of strategic importance in today’s real estate investment environment,” said Jacobson.
The venture will seek to make investments on its own and “as part of club arrangements with like-minded institutional investors”, the companies said.
