Logistics property specialist Panattoni has announced the hire of Prologis' Spanish head Gustavo Cardozo Lupi to lead its entry in the Iberian property market.
Cardozo joins from Prologis, where for the past 13 years served as country manager and senior vice president, leading a team of 11 specialists and a logistics assets portfolio in excess of 1,300,000 m2 worth €1 bn.
'Spain and Portugal’s position in Europe, combined with its strong infrastructure and labour costs, makes it a very attractive market for logistics investments. Moreover, the country finds itself at the junction of the Mediterranean and Atlantic transport corridors, becoming a gateway not only to the European markets, but also those of Latin America, North Africa and the Middle East,' said Robert Dobrzycki, Chief Executive Officer of Panattoni.
The announcement follows the opening of an office in the Netherlands two months ago. The company is also present in Germany, the UK and Poland as well as Czech Republic and Slovakia.
Cardozo will be supported by Miguel Vera Cabrero as director for Structured Finance. He joins from OHL Developments where he has been the head of structured finance and treasury for the past four years, working on housing, hospitality and office projects in Spain, Mexico and the United Kingdom.