LaSalle moots IPO for $6bn Asia reit

Tuesday 14 August 2007 at 14:29

LaSalle Investment Management, a division of US real estate firm Jones Lang LaSalle, is mulling an initial public offering of its Asian assets which are now worth $6bn (€4.3bn).

LaSalle announced a $15bn property spree in Japan, China and South Korea over the next three to five years. It will be the latest company to invest in Asia's bubbling property market.