PointPark Properties to open UK office

Bahrain-based Arcapita Bank's property arm PointPark Properties (P3) is opening an office in London. The move is in line with P3's international expansion plan. The logistics property developer and operator opened a branch in Frankfurt earlier this year.

The new UK office will help service P3's existing 900,000 m² Pan-European warehouse portfolio while strengthening its growing customer base in Europe. Ian Worboys, CEO of P3 said: 'The opening of the UK office is a natural progression in our expansion across Europe. As the business grows, we will continue to look at new areas of opportunity across Europe and beyond.'

Richard Fee is joining P3 to open the new UK branch. Fee has previously been jointly responsible for the asset management business of the Industrious Portfolio, which was sold to Max Property earlier this year. He has many years of experience in the industrial and warehouse sector having worked at Dunedin Property and Henderson Global Investors.

Richard Fee said: 'PointPark Properties is expanding across Europe at a time when most of its competitors are retrenching. For P3 and its parent Arcapita to be establishing a UK operational platform in the current climate shows excellent timing.'

PointPark Properties is currently active in eight European countries, managing over 1.5 million m² of assets in over 54 distribution buildings, and a land bank of 610,000 m² for further development throughout Europe.