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News in brief: First Asia-Pacific property fund launched

Euromoney Liquid real estate March 2007 

Global property fund managers Prupim and LaSalle Investment Management have teamed up to launch what they are calling the first open-ended pan-Asia Pacific fund. Prupim is the property investment arm of Prudential, who, along with LaSalle will provide enough buying power to grow the fund to over $1 billion.