LaSalle raises $431m for Japan logistics

LaSalle Investment Management has closed its third Japan Logistics Fund at ¥40.8 billion ($431 million) at a time when the sector is seeing a rise in logistics property values on the back of an Abenomics-fuelled increase in exports. It follows predecessors Fund II, which raised ¥90 billion in 2008, and Fund I which closed at $400 million in 2004. While the scale of the latest vehicle is less than half the size of Fund II, LaSalle says it worked with investors to design it as a ‘…