Logistics Capital Partners (LCP), a logistics real estate specialist, has opened an office in Paris, purchased a 14-hectare (tk-acre) site in a core market area south of the capital and hired Estelle Vargas, a key figure in the sector formerly with Carrefour Property and Gazeley.
Founded five years ago by three sector experts — Kristof Verstraeten, James Markby and Andrea Benvenuti, all having learned their trade in major real estate companies — Logistics Capital Partners is already established in six European countries (U.K., the Netherlands, Belgium, Italy, Luxembourg and Spain), has developed more than 500,000 square meters (5.4 million square feet) in just five years, currently manages €800 million ($854 million) of assets and has €1.5 billion ($1.6 billion) of secured projects in its short-term pipeline.
