{"id":1004415790,"date":"2020-04-13T04:08:16","date_gmt":"2020-04-13T12:08:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004415790"},"modified":"2020-04-13T04:08:16","modified_gmt":"2020-04-13T12:08:16","slug":"lasalle-investment-closes-681m-china-logistics-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-closes-681m-china-logistics-fund\/","title":{"rendered":"LaSalle Investment Closes $681M China Logistics Fund"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay.com<\/em><\/p><\/div>\n

LaSalle Investment Management has completed the first close of its LaSalle China Logistics Venture. The fund and its co-investment vehicle have received initial capital commitments of $681 million.<\/p>\n

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READ ALSO<\/strong>: Realterm Closes $109M European Logistics Fund<\/a><\/p>\n

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The fund is LaSalle\u2019s first dedicated China logistics vehicle<\/a> and reportedly has attracted a diverse mix of investors from Europe, the Middle East and Asia, including both existing LaSalle investors and investors that are new to LaSalle.<\/p>\n

LCLV will invest across Tier I and II cities in China\u2019s key logistics regions, including the Yangtze River Delta (Greater Shanghai), Bohai Bay (Greater Beijing) and Greater Bay (South China). The fund\u2019s goal is to develop and build a diversified portfolio of modern logistics facilities in markets with strong fundamentals and in so doing to capture attractive development margins. In addition, it will seek to acquire and reposition underperforming logistics assets and to invest in cold chain logistics, based on the rising demand from China\u2019s fresh food sector.<\/p>\n

The fund has recently acquired two development sites in the prime Shanghai satellite markets of Kunshan and Jiaxing and three stabilized logistics assets in Wujiang, Tianjin and Huizhou. LaSalle did not reply to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

Busy on multiple continents<\/h2>\n

LaSalle\u2019s track record in China logistics dates back to 2008. Since then, the company has completed more than $1.5 billion of transactions. LaSalle currently manages more than $4 billion of logistics investments in Asia, across key markets including China, Japan and Korea.<\/p>\n

Last October, LaSalle Investment Management acquired Logiport West Anseong<\/a>, a more than 500,000-square-foot logistics facility in Anseong City, South Korea. The four-story building includes both dry storage and temperature-controlled space, plus a mezzanine level for office space.<\/p>\n

Around on the other side of the globe, LaSalle Investment Management in February closed on the purchase of a 645,000-square-foot Dutch logistics facility<\/a>. The Bleiswijk Urban Logistics Center is less than 10 miles from the Port of Rotterdam, Europe\u2019s busiest, and was purchased through LaSalle\u2019s pan-European fund Encore+.<\/p>\n","protected":false},"excerpt":{"rendered":"

The closing marks the company\u2019s first logistics vehicle in China.<\/p>\n","protected":false},"author":882,"featured_media":1004375345,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,16,21783,21742],"tags":[33722],"class_list":["post-1004415790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-international","category-investment","category-latest","tag-lasalle-investment-management"],"acf":[],"yoast_head":"\nLaSalle Investment Closes $681M China Logistics Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-closes-681m-china-logistics-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Investment Closes $681M China Logistics Fund\" \/>\n<meta property=\"og:description\" content=\"The closing marks the company\u2019s first logistics vehicle in China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-closes-681m-china-logistics-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-13T12:08:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/industrial-news-09.-Image-via-Pixabay.com_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-closes-681m-china-logistics-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-investment-closes-681m-china-logistics-fund\/\",\"name\":\"LaSalle Investment Closes $681M China Logistics Fund - 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