
Kamco Invest, one of the largest firms managing assets in the Middle East and North Africa region, cooperates with a team led by veteran industry real estate logistics, Ian Worboys, with the purpose of establishing a new investment and development company, European Green Logistics Space.
Worboys, which can boast over 40 years of experience in working in the European industrial and logistics market, in this in management positions at Gazeley, Panattoni, P3 Logistic Parks, and last at Trammell Crow Company, is co-founder EGLS along with Amos Chia, former head of the transfer division in the general platform of urban Crossbay, and Glen Lonie, former head of asset management for Middle Eastern Europe at Cushman & Wakefield. Worboys is director general EGLS, Chia is director of investments, a Lonie is director of finance.
Kamco Invest has acquired significant shares in EGLS in accordance with its strategy of expansion.
– EGLS will provide modern, sustainable facilities of the big box and urban logistics strategy. Will acquire existing activities, which may be improved, upgraded and converted into modern, sustainable facilities, and will implement new projects. In for all its projects it will tend to work with investors and tenants in to meet the highest standards of sustainable development – inform investors.
EGLS will cooperate with Kamco Invest, along with a small number of other large investors, with different investment strategies, on a separate account basis. EGLS has already prepared a solid list of objects and assets to acquire.
Sub geographically EGLS will invest initially in Great Britain, France, Germany, Austria, Czech Republic, Slovakia and Poland, and then expanding its activities to Spain, Holland and Italy.
Ian Worboys, co-founder and director general of EGLS, he said:
“I am very excited about re-entering the European market logistics at this moment cycle of real estate with Amos and Glen in cooperation with Kamco Invest. I have over 40 years of experience in the industry, building European companies, and it seems to me, that it is the appropriate time to invest, when the demand for modern, sustainable facilities remains strong, and the supply is declining. Sustainable development lies atthebasisofouractivityandWe believethatthereisagreatopportunitytotransformoutdatedunitsintomodern,sustainablefacilities,andalsotoimplementnewprojectsmeetingmodernESG requirements.”