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London, 4 October 2013 - Jones Lang LaSalle is celebrating two wins at last week’s IAS awards. The IPIF fund, managed by the Strategic Asset Management team was named ‘Fund of the Year’ and the Industrial investment team won ‘Investment deal of the year’ for advising Prologis on the purchase of the largest distribution portfolio in the UK this year.
The IPIF Fund, which has been asset managed by Jones Lang LaSalle since 1997, received the award for its outstanding performance. This includes £1.5 billion of investment sales and acquisitions since the inception of the fund and consistent outperformance of the IPD Industrial index.
Philip Butler, Director in Jones Lang LaSalle’s Strategic Asset Management team, commented: “This award is testament to the performance of the fund which has been driven by our innovative approach to asset management and high impact property marketing.”
Jones Lang LaSalle picked up the ‘Investment deal of the year’ jointly with DTRE for the industrial investment team’s work on advising Prologis on the purchase of the largest distribution portfolio in the UK of 2013 so far. The £248 Million deal which involved eleven distribution portfolio assets located in the South East and Greater London, at a net initial yield of 6.3%, demonstrates the continued demand for sizeable portfolios of high quality distribution product in the UK.
Phil Marsden, Director in Jones Lang LaSalle’s Capital Markets team, commented: “ It’s great that the team have received recognition for what has been a key deal this year. Prologis have managed to increase their exposure to the South East and Greater London through a deal that was delivered off market. This was quite a feat given the location and growing demand for distribution centres.”
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Lauren Keith - PR
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