Galbusera was most recently managing director of real estate for CEVA, managing a portfolio of some 750 logistics facilities spread over 60 countries, representing almost 6 million m2 of lettable space.

Galbusera, managing director of Spain for ELCP said: 'I am very excited to join such a dynamic and incredible team. I have always admired the focus and attention that ELCP has given to its occupiers and now I have the opportunity to be a part of that, contributing all my years of experience on the 3PL side to deliver innovative and sustainable solutions and exceed our customers' expectations.'

Galbusera has many years of experience both with corporate logistics tenants and third party, '3PL' logistics. Between 2003 and 2011, he held different management positions at TNT Logistics, and later at CEVA Logistics, including the position of head of technical services and procurement for Italy, as well as head of real estate for Southern Europe, Middle East and Africa.

James Markby, co-founder and managing partner of LCP said: 'We could not be happier to have persuaded Marco to join us, and to be able make this announcement. His background, relationships and experience speaks for itself.

'We are perfectly aligned in how we see the opportunity in Spain, and what his experience and leadership will bring the business, and our mutual expansion plans across the platform.'

The ELCP joint venture was established in February 2017 to combine Eurofund's knowledge of the local market - access to technical teams, establishing relationships with local authorities and distributors - with LCP's experience in logistics, asset management and relations with logistics occupiers. The business seeks to increase the supply of new logistics warehouses in Spain and Portugal.