October 13, 2021
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
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.