Pan-European logistics real estate specialist Logistics Capital Partners (LCP) and Spain & Portugal-focused retail developer Eurofund Capital Partners have launched a new joint venture called Eurofund LCP.
The JV plans to deliver modern logistics and warehouse facilities across Spain and Portugal, leveraging Eurofund Capital Partners' existing teams in Madrid, Barcelona, Zaragoza and Lisbon.
'The launch of Eurofund LCP is an exciting time for Eurofund Capital Partners and for our clients across Spain and Portugal,' said Ian Sandford, president of Eurofund. '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.'
James Markby (pictured), managing director of Logistics Capital Partners, commented: 'We share the same vision as Ian and the team at Eurofund. We are really excited to be able to create a company like this with them, as it’s not something that has typically been done before in terms of specialist retail and logistics developers and managers getting together to provide a more complete future 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.'
Kristof Verstreaten, managing director of Logistics Capital Partners, added: '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.'
