LaSalle hires Northern Europe head

Morgan Stanley VP Insa von Jürgensonn has joined the fund management arm of global property services firm Jones Lang LaSalle as fund manager for the firm’s German funds also overseeing the firm’s Northern European assets.

LaSalle Investment Management has hired Insa von Jürgensonn from Morgan Stanley to serve as its regional director and head of portfolio management for Northern Europe, beginning 1 March.

Insa von

The move will take her from Morgan Stanley’s Frankfurt office, where she was a vice president of real estate asset management, to LaSalle’s Munich office. In her role, she will report to Paris-based co-head of Europe Simon Marrison.

Von Jürgensonn will be responsible for managing all of LaSalle’s Northern European assets. She will also act as fund manager for two value-added vehicles dedicated to Germany. The LaSalle German Retail Venture fund was launched in 2005 as a joint venture with an institutional client to acquire German retail assets. LaSalle German Income & Growth fund was launched in 2006 to take advantage of the German economic recovery taking place at that time. 

The Income & Growth fund invested 70 percent of its capital early on but has not made any acquisitions for more than a year due to high prices, according to a company spokesperson. LaSalle is now seeing the opportunity reemerge and hopes to invest €200 million this year primarily in shopping centres, retail parks and logistic properties.

The German funds are both headed by David Ironside, international director and managing director of LaSalle Germany.