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.
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.