LCP is top newcomer in European logistics developer ranking

Logistics Capital Partners (LCP), a firm established in 2015, is the largest new entry in PropertyEU Top-10 logistics developers survey. Based on data following the publication of the initial ranking in May, LCP features in fifth place with 616,000 m2 in the pipeline or under construction.

LCP's founders were James Markby, former head of CBRE’s European industrial and logistics investment team, and Kristof Verstraeten, previously commercial director Europe at Goodman. The team of the pan-European logistics specialist business focussed on occupiers also includes 19-year industry veteran Andrea Benvenuti, who was responsible for coordination of the Southern Europe project management team of Prologis from 2007-2008. Benvenuti was head of European design and construction for Amazon, managing a team of six people across Europe, from 2012 to 2015.

LCP's pipeline includes 56,000 m2 under construction for Primark in the Netherlands.

For the fifth consecutive time, Sydney-listed industrial property specialist Goodman has come out top of the logistics developers ranking, with a total of 1.9 million m2. The survey and ranking is based on space completed between 2013 and 2015

Goodman is poised to repeat the feat next year, as it also leads the rankings for space under construction or in the pipeline. Managing director, Continental Europe Philippe Van der Beken said this 'marks a great vote of confidence from our customers. To put this in perspective, Goodman has only been operating in Europe for the past 10 years.'

The PropertyEU Research team compiled its Top 10 Logistics Developers ranking based on the results of an extensive annual survey. Although there is generally little movement at the top of the ranking from year to year, this latest edition reveals that Prologis has moved into the second spot, displacing Panattoni Europe. Prologis has a strong development pipeline in Europe, the company's European President Ben Bannatyne told PropertyEU: 'So far the UK has been leading the charge as the most mature market in Europe. But Prologis is now very active in Germany and we have a strong pipeline there.'

One occupier that four of the top developers – Goodman, Prologis, Panattoni and LCP – have in common is working with Amazon, the client that has driven much of the demand for so-called XXL sheds. PropertyEU Research figures indicate about 1.6 million m2 was developed or under construction on behalf of Amazon in the 10 years to 2016. Of this about 1.03 million m2 is attributable to Goodman. 'When we developed our first property for Amazon in 2006 near Leipzig, we were faced with a company that was not well known in Europe, operating in an infant sector and requiring an exceptionally large building in an underdeveloped logistic location. We have since then delivered more than 1 million m2 for Amazon,' Van der Beken told PropertyEU.

The original ranking appears in the May edition of PropertyEU Magazine


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