Logistics Capital Partners and Spanish retail specialist Eurofund Capital Partners have launched a logistics joint venture targeting Spain and Portugal.
The Eurofund LCP partnership will develop new logistics and warehouse facilities across the two countries.
Logistics Capital Partners is an investment platform by former and Goodman professionals.
James Markby, managing director of Logistics Capital Partners, said: βIn 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.β
He pointed to his companyβs βexperience in delivering logistics real estate in a competitive environment for leading global occupiers, combined with Eurofundβs unrivalled retail sector knowledge and relationships across Spain and Portugalβ.
Ian Sandford, president of Eurofund, which has previously worked in partnership with Intu Properties, said the joint venture is a βlogical stepβ as it looks to extend services and operations in Spain.
The new entity, the firms said, has the capability and understanding to deliver the requirements of both retail and logistics occupiers, with blurring of the traditional distinction between the two sectors.
Sandford said Spainβs retail sector is becoming βincreasingly competitiveβ.
