The managers say they will be adopting a moderate risk, income and growth strategy. Despite short-term uncertainty LIM has identified a number of favourable trends in the European market including the growing desire of corporations to sell non-core real estate assets; a continued shortage of modern and efficient office, warehouse and retail space; growing cross-border investment within Europe and historically low vacancy rates.
To handle the expected increase in business, LIM has taken on two more senior fund managers. Simon Marrison, former head of Rodamco France, will head the continental team based in Paris. And David Ironside, former Director of Acquisitions for REAL IS, will lead LIM's acquisition team responsible for Germany, Central Europe and Benelux region based in Munich.
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