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Latham & Watkins Advises LaSalle on US$972 Million China Logistics Fund

October 13, 2021
Cross-border team represents global real estate investment manager LaSalle in final close for its first fund dedicated to the China logistics sector.

Latham & Watkins advised LaSalle Investment Management (LaSalle), the global real estate investment manager with AUM of US$74.7 billion (as of Q2 2021), on the fundraising of LaSalle China Logistics Venture (LCLV) and its associated co-investment platform, which recently held its final closing on total committed capital of US$972 million.

LCLV is LaSalle’s first fund dedicated to the China logistics sector. LCLV seeks to acquire and develop a diversified modern logistics portfolio in markets with strong fundamentals, capturing attractive development margins, as well as the acquisition and repositioning of underperforming assets. Additionally, LCLV will focus on investing in cold chain logistics, benefiting from the rising demand from the fresh food sector in China.

LCLV has seen strong support from a diverse group of new and existing global investors, attracting capital from North America, Europe, the Middle East and Asia.

The Latham team was led by London investment funds partner James McCrory, with associates Thea Crawshaw and Josh Oyedele. Advice on US tax matters was provided by New York partner Gregory Hannibal and associate Lauren Bewley.