The aim of this partnership is to develop and improve the requirements of logistics chains and their provision in Spain and Portugal. For this to come about, the alliance will combine Eurofund’s extensive knowledge of the local market plus its technical and planning teams, its established agreements with operators and local, autonomous and national institutions, with the reliable solvency of LCP logistics development, asset management and agreements with local operators, thus achieving the development of logistics and storage management for the new generation in Spain and Portugal.
Spanish Real Estate explains that the joint venture already has established teams at full capacity in offices opened in Madrid, Barcelona, Zaragoza and Lisbon.
James Markby, General Director of Logistics Capital Partners, commented in respect of this agreement that “we share the same vision as Ian Sanford and the team from Eurofund. In Logistics Capital Partners we are very excited at this opportunity to create as dynamic a company as Eurofund LCP».
He believes that «by combining the retail specialisation with logistics development and management, Eurofund LCP will lead the way in offering the most appropriate logistical solutions for our clients and consumers over the whole of Europe». Moreover because «our alliance makes complete sense in the context of retail e-commerce and the specialisation of each one of the parties – experience in real estate logistics assets is extremely competitive on a global scale, for LCP, and the unique knowledge and institutional relationships in Spain and Portugal on the part of Eurofund – means that we complement each other perfectly».
Ian Sandford, President of the Grupo Eurofund explains “the launch of Eurofund LCP marks an exciting stage for Eurofund Capital Partners and for our clients in Spain and Portugal. With our deep knowledge of the retail market in both countries, we understand well the needs of our clients and, in this sense, this new company is a logical step forward to extend our services and operations in Spain, to the benefit of our clients, who are working in the increasingly changing and competitive environment that is retail”.
Kristof Verstreaten, General Director of Logistics Capital Partners, adds “for LCP this joint venture will accelerate our entry into the Spanish and Portuguese markets, after having developed several projects in other European countries in the last 24 months. As a company with a Pan European vision and perspective, this opportunity to join with Eurofund Capital Partners is exactly in line with the strategy we put in place when we began, to respond to the ever more demanding needs of operators in Europe, and to associate ourselves with the very best companies”.