LaSalle Raises $681M For China Logistics Fund

LaSalle Investment Management brought in $681M for its newly launched the LaSalle China Logistics Venture (LCLV), which will invest in key Chinese cities like Shanghai and Beijing.

The LCLV aims to invest in China’s economic growth, which has outpaced the U.S. every year since 1977, through a diversified portfolio focused on logistics facilities with appealing development margins. Two development sites in Shanghai belong to the LCLV, as do three logistics assets in smaller Chinese cities. The fund saw strong demand from investors across Europe, the Middle East, and Asia, according to LaSalle. The Chicago-based firm has $59B in assets under management, and it’s completed more than $1.5B in Chinese transactions since 2018.