LaSalle Logiport Commences Construction on Five New Logistics Developments in China

LaSalle Investment Management (“LaSalle”) today announces it has commenced construction on five new LaSalle Logiport logistics developments in Shanghai Qingpu, Suzhou, Jiaxing, Chongqing and Xi’an. The projects are expected to deliver leasable GFA of 359,000 sqm upon completion in early 2020.

LaSalle Investment Management (“LaSalle”) today announces it has commenced construction on five new LaSalle Logiport logistics developments in Shanghai Qingpu, Suzhou, Jiaxing, Chongqing and Xi’an. The projects are expected to deliver leasable GFA of 359,000sqm upon completion in early 2020.

Development highlights

LaSalle Logiport Shanghai Qingpu Logistics Park

• Two-storey ramp-up, 47,000 sqm, high specification logistics facility
• Expected construction completion in June 2020
• Prime location in Qingpu Industrial Zone, 50 km to Shanghai CBD

LaSalle Logiport Suzhou Wangting Logistics Park

• Two-storey ramp-up, 51,000 sqm, high specification logistics facility
• Expected construction completion in May 2020
• Prime site in Suzhou Wangting Logistics Park, 90 km to Shanghai CBD

LaSalle Logiport Jiaxing Pinghu Logistics Park

• Two-storey ramp-up, 96,000 sqm, high specification logistics facility
• Expected construction completion in April 2020
• Prime site in Jiaxing Pinghu Dushan Port, 90 km to Shanghai CBD

LaSalle Logiport Chongqing Airport Logistics Park

• Single-storey 97,000 sqm, high specification logistics facility
• Cross-docking available
• Expected construction completion in June 2020
• Prime site in Chongqing Airport Logistics Zone, 15 km to Chongqing CBD

LaSalle Logiport Xian Airport Logistics Park

• Single-storey 68,000 sqm, high specification logistics facility
• Cross-docking available
• Expected construction completion in July 2020
• Prime site 4 km from Xi’an Airport, 18 km to Xi’An CBD

Alex Li, LaSalle Investment Management Senior Vice President, Logistics Leasing and Business Development said: “We are very excited to have these new developments in China. Strong domestic consumption will continue to drive demand for modern facilities in China. We have seen significant pre-leasing activity on our development portfolio. Our strong track record and development pipeline shows LaSalle’s extensive network in China and the value creation we can provide to our customers. We look forward to supporting our clients as their businesses continue to grow.”

Claire Tang, LaSalle Investment Management Head of Greater China commented: “The market fundamentals for China logistics remain compelling. Consumer purchasing driven by technology and e-commerce has been rapidly pushing up the demand for modern logistics facilities located in top tier markets. We look to continue expanding our logistics portfolio footprint in China.”

She added “Investing in modern logistics facilities has been a key focus for LaSalle in the region, and we plan to further capture acquisition and development opportunities in this sector in China moving forward.”

As of today, LaSalle has developed over 5.6 million sqm of modern logistics warehouses in Japan, China and South Korea, and currently manages approximately US$3 billion AUM in high-quality industrial assets across the Asia Pacific region.

About LaSalle Investment Management 

LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, we manage approximately $77 billion of assets in private equity, debt and public real estate investments as of Q4 2021. The firm sponsors a complete range of investment vehicles including open- and closed-end funds, separate accounts and indirect investments. Our diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. For more information please visit www.lasalle.com and LinkedIn.

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