Dallas-headquartered Trammell Crow Company, among the largest property developers in the US, is targeting the European logistics market. Former P3 Logistic Parks’ CEO Ian Worboys (right) has been hired to lead the new business.
Trammell Crow aims to serve occupier and capital partner clients across the continent and plans to open offices in major markets including the Czech Republic, Germany, France, UK and Spain. Additional European expansion is envisaged, the firm said in a statement, adding that the dramatic growth of ecommerce is fuelling a 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 Trammell Crow CEO Mike Lafitte.
Worboys, who will initially be based in Prague and whose title will be managing director, head of European logistics said: “Our team’s knowledge of logistics, warehouse, fulfilment and e-commerce facilities will enable us to hit the ground running in meeting the expanding needs of occupiers and capital partners.”
Graham Reece will also join TCC as senior vice president, head of European logistics construction. He will be based in Poland and will oversee construction and delivery of all logistics projects in Europe.