Macquarie Capital forms logistics platform
Logistics Property Co., a newly formed logistics real estate platform focused on the acquisition, development and management of modern logistics properties in key North American markets has launched.
The management team of LPC has partnered with Macquarie Capital Real Estate Investments (MREI) on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years to become a leading developer and operator of logistics facilities and occupancy solutions in North America.
“It is an exciting time for the U.S. industrial sector. The growth in e-commerce, increasing globalization of trade and supply chain reconfiguration are driving record tenant demand and rental growth. Together with our partners, we hope to provide state-of-the-art logistics facilities and best-in-class occupancy solutions for our tenants,” said James Martell, LPC CEO and formerly the president and founder of Ridge Development.