Trammell Crow Company (TCC), one of the largest real estate development companies in the U.S., today announced the launch of logistics development capabilities in Europe.
Ian Worboys, a Pan-European logistics specialist, has joined TCC to lead this new business, which will serve occupier and capital partner clients across the continent. The firm plans to open offices this year across major markets, including the Czech Republic, Germany, France, UK and Spain with additional expansion throughout Europe envisioned.
The expansion comes at a time when the dramatic growth of ecommerce is fueling robust appetite for logistics facilities across Europe.
“Continued positive market fundamentals point to significant opportunities for risk-mitigated spec-development and build-to-suits,” said Mike Lafitte, Chief Executive Officer of Trammell Crow Company. “Ian 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.”
A 40-year veteran of the development business, Mr. Worboys most recently served as CEO of P3 Logistic Parks. “I am pleased to join TCC to lead an exceptional team of European logistics development experts,” said Mr. Worboys. “Our team’s knowledge of logistics, warehouse, fulfillment and e-commerce facilities will enable us to hit the ground running in meeting the expanding needs of occupiers and capital partners.”
Mr. Worboys will serve as TCC’s Managing Director, Head of European Logistics. He will initially be based in Prague, Czech Republic.
In addition, Graham Reece will join TCC. He will serve as Senior Vice President, Head of European Logistics Construction. Based in Poland, he will oversee the construction and delivery of all logistics projects in Europe.
One of the biggest supporters of investments also in Romania, Ian Worboys analyzed a few trends for the market, as an Expert Guest, in the exclusive property market digital tour in Romania, at end of the lockdown – Spring 2020.
Click to read: Expert Guest – Ian Worboys: what next for logistics
The report presents in 80 pages projects status & updated opportunities, plans for 2021 from developers and suppliers throughout the country, in a unique initiative – investment guide.
Click to download: The New Normal Market Pulse Report, Romania – June 2020
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Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired 2,800 buildings valued at nearly $70 billion and over 625 million square feet. As of December 31, 2020, TCC had $14.9 billion of projects in process and $6.1 billion in its pipeline. It employs nearly 600 professionals in the United States and the United Kingdom.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 18 major cities throughout the United States and London. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential, and mixed-use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet the needs of its clients. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development and providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, and the world’s largest commercial real estate services and investment firm (in terms of 2020 revenue). For more information visit www.TrammellCrow.com.
