Trammell hires Worboys to lead European logistics push
US real estate developer Trammell Crow Company (TCC) has hired former P3 Logistic Parks CEO Ian Worboys to lead its expansion into Europe's logistics sector. Worboys will serve as the CBRE Group subsidiary's managing director and head of a newly launched European logistics business. He will initially be based in Prague, Czech Republic.
Worboys worked for P3 between 2009 and 2019. His previous roles include working for European logistics manager Gazeley, now GLP. TCC has also appointed Graham Reece senior vice president, head of European logistics construction.
Based in Poland, he will oversee the construction and delivery of all logistics projects in Europe. TCC said its newly launched European logistics development business will serve occupier and capital partner clients across the continent. The company intends to open offices this year across major markets, including the Czech Republic, Germany, France, UK and Spain with additional expansion throughout Europe planned, it said.
Mike Lafitte, CEO of Trammell Crow Company, said: "Continued positive market fundamentals point to significant opportunities for risk-mitigated spec-development and build-to-suits. "Worboys and the team we are assembling under his leadership are well-positioned to work with our capital partners and occupier clients to meet these growing opportunities." "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," Worboys said.
TCC, CBRE's real estate development business, moved into the UK build-to-rent sector with the acquisition of Telford Homes in July 2019, in a deal CBRE said positioned TCC to "opportunistically expand" its development platform over time in the UK and Europe.
To read the digital edition of the latest IPE Real Assets magazine click here.