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LaSalle
LaSalle Investment Management the global real estate investment manager, has held the final close its LaSalle China Logistics Venture and its co-investment vehicle with total committed capital of $972 million.

The fund and its co-investment vehicle had received initial capital commitments of $681 million at its first close last year.

LCLV is LaSalle’s first fund dedicated to the China logistics sector. LaSalle said that the fund drew strong support from new and existing global investors, attracting capital from North America, Europe, the Middle East and Asia.

The completion of the capital raise comes as the fund and its co-investment vehicle have already invested and committed $423 million across 15 investments. This includes three recent acquisitions in Shanghai, Nanjing, and Tianjin. The fund is expected to have investment capacity of up to $2.5 billion.