LaSalle's Opportunity II fund will acquire a diversified portfolio of approximately $4 billion across the Northern Asia region throughout the next few years. The company says it will acquire and manage office, retail, residential, logistics, luxury resort and other commercial properties throughout Asia, with a focus on Japan, Korea, and Greater China. Roughly 20% of the fund has already been committed to nine properties in Japan and Korea, and the company is in negotiations for properties that would comprise a further 20% of the fund.

Jack Chandler, CEO of LaSalle Investment Management-Asia Pacific, says capital was raised in just seven months. He attributes the fund's success to the investment potential in Asia realized by JLL's clients. "In recent years, Asia has consistently been the world's fastest growing regional economy and the current positive macroeconomic conditions, property fundamentals and increasing transparency create an excellent opportunity to realize attractive risk-adjusted returns in a range of Asian countries," Chandler said in a prepared statement.

Ian Mackie, president of the LaSalle Asia Opportunity Fund II, says JLL has now invested more than $3 billion in Asia Pacific throughout the past five years. He believes that with the company's relationships in Asia, coupled with JLL's bank of knowledge will provide the Investment Management group with "exceptional deal-sourcing opportunities to generate significant proprietary deal flow throughout the region for this fund."