LaSalle Investment Management, the global real estate investment manager, is pleased to announce the close of the fourth fund in its Japanese logistics series, JLF IV.

The fund has the equivalent of US$350 million in equity to invest, which will allow for a total investment volume of over US$1 billion in development and value-add warehouse opportunities in Japan. JLF IV will primarily focus on the greater Tokyo and Osaka property markets.

Yasuo Nakashima, CEO of Japan and fund manager at LaSalle Investment Management, says, “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.”

The JLF Fund Series has a strong track record with more than US$3 billion of investments completed since 2004, US$1.5 billion of aggregate equity commitments and 34 investments made across the JLF Fund Series.