Trammell Crow Company (TCC), one of the largest real estate development companies in the U.S., 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 e-commerce is fuelling a 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, fulfilment 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.
Trammell Crow Company (TCC), founded in 1948, is one of the U.S.’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 Europe.
