Dallas, Texas-based property developer Trammell Crow Company (TCC) has announced the hire of former P3 CEO Ian Worboys to launch a logistics development arm focused on Europe’s largest markets.
TCC, an independently operated subsidiary of CBRE Group, said that the new platform will initially be based in Prague, Czech Republic, with plans to open offices this year across Germany, France, UK and Spain. Additional expansion throughout Europe is envisioned, the company added.
The expansion comes at a time when the dramatic growth of ecommerce is fueling robust appetite for logistics facilities across Europe. ‘Continued positive market fundamentals point to significant opportunities for risk-mitigated spec-development and build-to-suits,’ said Mike Lafitte, Chief Executive Officer of Trammell Crow Company. ‘Ian and the team we are assembling under his leadership are well-positioned to work with our capital partners and occupier clients to meet these growing opportunities.’
A 40-year veteran of the development business, Worboys served as CEO of P3 Logistic Parks for over 10 years and before then worked for logistics specialists Panattoni and Gazeley. ‘I am pleased to join TCC to lead an exceptional team of European logistics development experts,’ said Worboys, who will serve as TCC’s managing director and head of European Logistics. ‘Our team’s knowledge of logistics, warehouse, fulfillment and e-commerce facilities will enable us to hit the ground running in meeting the expanding needs of occupiers and capital partners.’
Worboys will be supported by former Prologis executive Graham Reece, who is joining TCC as senior vice president, head of European Logistics Construction. Based in Poland, he will oversee the construction and delivery of all logistics projects in Europe.
