GERMANY - LaSalle Investment Management has announced plans to launch a capital investment fund (KAG) in Germany in an effort to better cater to institutional investors in the Germanic region. Under proposals waiting approval from the regulator BaFin, LaSalle has launched wholly-owned subsidiary LaSalle Vermögensverwaltungs GmbH, to become LaSalle Investment Management KAG once the licence has been approved. Claus Thomas, regional director of LaSalle in Germany, is expected to be a member of the new KAG's supervisory board. Thomas said: "Our intention to establish a KAG in Germany and to launch a specialist investment fund places long-term emphasis on our belief in the strategic potential of the German market - both in terms of its real estate and investors. "It will also allow us to provide the German institutional investor market, which is an increasingly important source of capital in Europe, with tailor-made access to international investments by combining LaSalle's global real estate presence with local reach," he added.