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Sign in Sign up for a FREE subscriptionEXCLUSIVE: LaSalle raises $681m for first dedicated China logistics fund
LaSalle Investment Management has completed a first close for its first dedicated China logistics fund, raising $681 million in capital commitments.
LaSalle noted that the LaSalle China Logistics Venture (LCLV) attracted a diverse mix of both new and existing investors from Europe, the Middle East and Asia.
LCLV will invest across tier 1 and tier 2 cities located in China’s key logistics regions, including the Yangtze River Delta in Greater Shanghai, Bohai Bay in Greater Beijing, and Greater Bay in South China. The fund’s strategy is to develop and construct a diversified portfolio of modern logistics facilities in markets with strong fundamentals. It will also seek to buy and reposition underperforming logistics assets.
LaSalle said the fund will also look to invest in cold-chain logistics that benefit from increasing demand from the fresh-food sector in China.
“Growth in domestic consumption, and e-commerce in particular, will continue to boost de
