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Report: LaSalle Investment Management eyes US$1B for 1st China logistic fund

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Report: LaSalle Investment Management eyes US$1B for 1st China logistic fund

LaSalle Investment Management Inc. aims to launch its first dedicated discretionary logistic fund in China, with a view to raising US$1 billion for the vehicle, PERE News reported, citing unnamed sources.

The real estate manager, which has previously invested in China logistics mostly through partnerships and its regional, blind-pool funds, could bring China Logistic Development Fund to the market before the end of 2019, the news outlet added, citing the sources.

LaSalle declined to comment on the fundraising plan.