Asset manager Kamco Invest has partnered up with a team led by Ian Worboys to launch European Green Logistics Space (EGLS).
Worboys, who has more than 40 years’ worth of experience in the European industrial and logistics market, has co-founded EGLS with Amos Chia, ex-Head of Acquisitions at Crossbay, and Glen Lonie, former Head of Asset Management for Central & Eastern Europe at Cushman & Wakefield.
Worboys will be EGLS’s CEO, Chia will be the CIO and Lonie will be the CFO.
As part of the partnership advised by Eastdil Secured, Kamco Invest has acquired a significant stake in EGLS in line with its expansion strategy.
“Sustainability is at the heart of what we do, and we believe there is a great brown-to-green opportunity, converting outdated units into modern, sustainable facilities as well as carrying out new developments that meet modern ESG requirements,” says Worboys.
The CEO has recruited a team of 18 seasoned logistics real estate operators as department and country heads, sharing more than 300 years of logistics and real estate experience.
“This move reinforces Kamco Invest's commitment to enhancing fee income while creating valuable opportunities for our regional clients in the logistics sector. Aligned with our sustainability strategy, this initiative emphasises responsible investing and complements our suite of alternative investment offerings, providing clients with access to ESG-focused opportunities in the logistics domain,” says Mohammad F. Al Othman, Senior Executive Director of Alternative Investments at Kamco Invest.
Geographically, EGLS will invest initially in the UK, France, Germany, Austria, Czechia, Slovakia and Poland before branching out into Spain, the Netherlands and Italy.
EGLS will work with Kamco Invest, along with a small number of other large investors, with different investment strategies, on a separate account basis.
