LaSalle Investment Management, a U.S. real estate investment management firm, is close to launching its first China-focused logistics fund.
The China-focused logistics fund, with a target to raise about $1 billion, is expected to hit the market towards the end of this year.
The vehicle will be the first dedicated logistics vehicle from LaSalle Investment which has so far invested in the logistics space in China via partnerships or other funds.
Last year, LaSalle completed its LaSalle Asia Opportunity V fund with more than $1.1 billion in capital commitments, surpassing the $750 million target.