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LaSalle anticipates more distressed property in Japan

Joseph Marsh Asain Investor
LaSalle anticipates more distressed property in Japan - LaSalle - real estate agents - Japan

There are also good opportunities in second-tier cities in China and in prime office property in Australia and Hong Kong, says Kenneth Tsang of LaSalle Investment Management.

Kenneth Tsang has been Asia-Pacific head of research and strategy at LaSalle Investment Management since February last year. He is responsible for the investment strategy for the company's various real estate funds.

Before joining LaSalle IM, Tsang was in charge of research and strategy at ING Real Estate Investment Management in Asia. He was also formerly head of research for Greater China at Jones Lang LaSalle, and before that, director of strategic and development consultancy for North China at US real estate services firm CBRE.

LaSalle IM, the investment arm of real estate company Jones Lang LaSalle, manages $39.9 billion of property assets, including $7.6 billion in the Asia-Pacific region, as of the third quarter of 2009. It runs seven commingled funds directly investing in real estate in Asia-Pacific.


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