LaSalle Investment Management has acquired Brisbane-based Trinity Funds Management for A$9.25 million ($9.9 million).

Under the terms of the deal, the four funds under Trinity will be rebranded with the LaSalle name, same with the A$650 million in assets Trinity holds. Upon completion, slated for 1 August, LaSalle is expected to see its Australian AUM rise to around A$1.7 billion. 

Trinity chief executive Steve Leigh and his team of 30 have opened an office in Brisbane for LaSalle. Leigh will be heading the Australia unit, reporting to Philip Ling, the CEO for Asia Pacific. Brisbane is LaSalle's third office in the country, the other two being Melbourne and Sydney.