LaSalle Logiport commences construction on five Chinese logistics developments

LaSalle Investment Management has commenced construction on five new LaSalle Logiport logistics developments across China in Shanghai Qingpu, Suzhou, Jiaxing, Chongqing and Xi’an. The projects are expected to deliver 359,000 square meters (3.9 million square feet) of leasable space upon completion in early 2020.

“The market fundamentals for China logistics remain compelling. Consumer purchasing driven by technology and e-commerce has been rapidly pushing up the demand for modern logistics facilities located in top-tier markets. We look to continue expanding our logistics portfolio footprint in China,” said Claire Tang, head of Greater China for LaSalle Investment Management. “Investing in modern logistics facilities has been a key focus for LaSalle in the region, and we plan to further capture acquisition and development opportunities in this sector in China moving forward.”

Development highlights include:

LaSalle Logiport Shanghai Qingpu Logistics Pa