DTZ Research has replaced Jones Lang LaSalle as adviser on Sarasin's range of global real estate por...
DTZ Research has replaced Jones Lang LaSalle as adviser on Sarasin's range of global real estate portfolios.
The latter held the position since the products launched in December 2004 and, according to Sarasin fund manager Jakes Ferguson, brought valuable benefits to the range. That said, he added Sarasin will welcome the fresh approach DTZ is bringing to the firm.
Sarasin launched two global Reit funds in December 2004, the CI Global Property portfolio for sterling-based investors and Real Estate Equity vehicle for Euro-based clients. The products have the same investment objectives, seeking long-term capital growth by investing in Reits and quoted equities linked to the property market.
Last summer the group brought a third portfolio to market, this time aimed at dollar-based investors. In February it launched a long/short global real estate fund in Europe, Sarasin Real Estate Equity IIID, which aims to generate returns of the RPI plus 3.5% a year over a three-year period.
DTZ is one of the world's largest real estate advisers, with 10,000 staff in 200 offices across 40 countries.