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LCP to build €1,5B core logistics portfolio

24 November 17 - RE+D Magazine
LCP to build €1,5B core logistics portfolio

COMPANIES

ETAD.A.E.

Public entity - GREECE

Solum Property Solutions

Consultant - GREECE

Savills

Consultant - GREECE

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
Industrial developer Logistics Capital Partners (LCP) is close to securing backing from a North American investment house that will give it the firepower to embark on a €1.5billion development push in the next four years.

 

LCP was set up two and a half years ago by former head of CBRE’s European industrial and logistics investment team James Markby, ex-Goodman director Kristof Verstraeten and ex-Amazon executive Andrea Benvenuti.

The firm is, according to Property Week, thrashing out the final details of the deal with the undisclosed institutional investor in a bid to take on the likes of Prologis and SEGRO in Europe.

The capital injection will see LCP immediately set about bringing forward schemes in France, Italy and Spain with a GDV of €400million.

LCP will create a core logistics fund in the first quarter of 2018 in which the built assets will sit.

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