Commitment to US based LaSalle Income & Growth fund V

ATP Real Estate has committed USD 72.5m to LaSalle Income & Growth Fund V.

The fund is a real estate driven value added fund and its strategy is to buy and enhace property values with a focus on growth and recovery markets.

The fund sees particular opportunity in the constrained capital market to acquire high quality and well leased properties which produce high levels of current income but also improve income over time through a focused property and leasing upgrade program. The fund has a total capacity of up to USD 2 bn including USD 728m of equity.

LaSalle Income & Growth Fund V is ATP Real Estate's second investment in the United States.