LaSalle successfully closes its fourth Japanese Logistics Fund
TOKYO (November 02, 2017) — LaSalle is pleased to announce the close of the fourth fund in its Japanese logistics series, JLF IV (“the Fund”).
The Fund has the equivalent of US$350m in equity to invest, which will allow for a total investment volume of over US$1000m in development and value-add warehouse opportunities in Japan. JLF IV will primarily focus on the greater Tokyo and Osaka property markets.
The JLF Fund Series has a strong track record with more than US$3 billion of investments completed since 2004, US$1.5bn of aggregate equity commitments and 34 investments made across the JLF Fund Series.
Yasuo Nakashima, CEO of Japan and Fund Manager at LaSalle Investment Management, said: “With JLF IV, we are responding to the strong investor appetite for warehouses, which are now considered an investment grade asset class. Favourable market fundamentals are supportive of the Fund’s investment strategy and allow us to identify opportunities at the asset level.”
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
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