Eurofund Capital Partners and Logistics Capital Partners launch new Joint Venture company - EUROFUND LCP
London, 09 March 2017
- Primary focus is delivery of new logistics and warehouse facilities in Spain and Portugal
- Combines Eurofund’s retail sector experience, local market knowledge and relationships with LCP’s expertise in European logistics real estate
- Joint Venture partners have integrated and complementary skill sets, each with an extensive and proven track record of delivery for occupiers and investors
EUROFUND LCP has been created to meet the evolving requirements of supply chains and logistics occupiers across Spain and Portugal. Driven by a strategy to combine Eurofund’s unrivalled local market knowledge, access to planning and technical teams, established relationships with retailers - and also local municipalities and government authorities - with LCP’s competitive expertise in logistics development, asset management and logistics occupier relationships and operations, EUROFUND LCP will deliver state-of-the-art new logistics and warehouse facilities, across Spain and Portugal.
Eurofund LCP benefits from an immediate and established team across offices in Madrid, Barcelona, Zaragoza and Lisbon. The new company has the capability and understanding to deliver the requirements of both retail and logistics occupiers. Supply chain operations and point of sale are evolving, blurring the traditional distinction between the two sectors, at a time where both are of critically important to retailers’ future success, and long term competitive advantage.
James Markby, Managing Director of Logistics Capital Partners, commented:
“We share the same vision as Ian and the team at Eurofund. Logistics Capital Partners is really excited to have the opportunity to create a dynamic company like Eurofund LCP. By combining specialist retail and logistics developers and managers, Eurofund LCP will lead the way in delivering a more comprehensive solution to our corporate clients and end users across Europe. “In the new ecommerce retail environment it makes a lot of sense, and the specific skill sets of the two groups complement each other extremely well - LCP’s experience in delivering logistics real estate in a competitive environment for leading global occupiers, combined with Eurofund’s unrivalled retail sector knowledge and relationships across Spain and Portugal.”
Ian Sandford President, Eurofund commented:
“The launch of EUROFUND LCP is an exciting time for Eurofund Capital Partners and for our clients across Spain and Portugal. As the leading retail developer and manager we precisely understand the needs of retailers and this new company is a logical step to be able to extend our services and operations in Spain to the benefit of those clients within an increasingly competitive and changing retail sector. “The Logistics Capital Partners team brings great experience and a track record of delivery for their clients, investors and partners. Together it is a compelling proposition for our clients.”
Kristof Verstreaten, managing Director of logistics Capital Partners, commented:
“For Logistics Capital Partners this joint venture accelerates our entry into the Spanish and Portuguese markets market having now successfully delivered a number of significant projects in other markets in Europe over the last 24 months. As a company with a pan-European scope and outlook this opportunity to partner with Eurofund Capital Partners is precisely in line with the strategy we had when we created the business, to serve the evolving development needs of leading corporate occupiers everywhere in Europe, and to partner with leading institutional groups.”
Download and read the complete press release here