Peel Logistics to join forces with Evander Properties
Peel Logistics today announced that the Directors of Evander Properties (Evander), Jeremy Greenland and Neil Dickinson, will become shareholders and assume senior leadership positions within Peel Logistics. Peel Logistics will benefit from Jeremy and Neil’s long experience in developing and managing logistics property across the UK, as well as their extensive occupier and investor relationships.
With the addition of Evander’s existing projects to the Peel Logistics platform, the combined business will be ideally placed to fulfil its ambition of becoming a leading national logistics property business, providing best-in-class solutions for occupiers and institutional investors.
Jeremy Greenland has more than 22 years of experience in the UK logistics sector. Prior to founding Evander in 2007, Jeremy worked at ProLogis, Astral Developments and JLL. He was joined at Evander by former ProLogis colleague, Neil Dickinson, in 2008. Since inception, Evander has undertaken over 4.7 million square feet (sq ft) of logistics development with a GDV in excess of £360 million on behalf of institutional investors.
Jeremy Greenland said: “Neil and I have built a successful business by taking a selective approach to development opportunities and maintaining a clear focus on the occupier proposition. We are excited about the opportunity to combine our relationships and development skills with those of Peel Logistics.”
Evander’s existing institutional clients include L&G, M&G, AVIVA, BA Pension Fund and Rockspring with speculative and bespoke solutions being delivered for occupiers including John Lewis, Waitrose, ASOS.com and Debenhams.
Peel Logistics was launched in July 2015 as a joint venture between Peel Land and Property Group and Macquarie Capital. Peel Logistics is seeded with capital from Peel and Macquarie and to date has focused on exploiting opportunities sourced from its privileged access to Peel’s strategic land bank.
In 2016 Peel Logistics completed its first two projects; a 280,000 sq ft warehouse let to Great Bear (formerly Culina) at Port Salford and a 175,000 sq ft speculative development at Liverpool International Business Park.
In addition to becoming co-investing shareholders in Peel Logistics, Jeremy Greenland has been appointed Chief Executive Officer and Neil Dickinson has been appointed Chief Operating Officer. Jeremy and Neil will be responsible for the growth of Peel Logistics including the integration of Evander and Peel Logistics’ current projects and sourcing new acquisition opportunities in key UK logistics markets. They will work alongside Peel Logistics’ existing Development Director, Matt Fitton.
Peel Logistics operates nationwide with projects across major logistics markets, including the Midlands, South-East, North-West and Yorkshire. Peel Logistics plans to grow via the acquisition of targeted strategic land sites, development opportunities and income producing opportunities. Third party institutional capital will be sought to support this growth strategy.
Steven Underwood, Chief Executive of the Peel Group, said: “We are absolutely delighted that the Evander team is joining forces with Peel Logistics. Jeremy and Neil bring a tremendous amount of credibility and a track record that will enhance our ability to grow the business, exploiting opportunities across Peel’s existing extensive pipeline of logistics sites and via the acquisition and development of high quality logistics space across the UK.”
Jonathan Harris, Macquarie Capital Head of European Real Estate, said: “We continue to see deep demand from global institutional investors for UK logistics real estate. The combination of a management owned platform, highly experienced leadership, first-class development capability and the support of Peel and Macquarie should be an attractive proposition for a range of investors.”
About Peel Logistics
Established in 2015, Peel Logistics is a specialist UK logistics and industrial property business. The full service platform develops, manages and owns prime-grade UK logistics and industrial properties with in-house management expertise across all key capabilities including acquisitions and sourcing, development, leasing and asset management.
The Peel Logistics senior management team has on average over 21 years experience in the UK logistics and industrial sector and the platform has successfully developed over 6.1 million sq ft of UK logistics assets. Leveraging its extensive sector experience, Peel Logistics aims to provide its capital partners and occupiers with best-in-class solutions including exclusive access to Peel Group’s strategic land bank.
About Peel Land and Property Group
Peel Land and Property owns 1.2 million square metres (sq m) of property and 15,000 hectares of land and water. Our holdings are concentrated in North West England, the Clyde, Yorkshire and the Medway with a portfolio valued at £2.3 billion. Our specialist teams have a proven track record in delivering high quality sustainable mixed use developments with a focus on creating new communities. Peel Land and Property is part of The Peel Group, one of the UK’s foremost investors in real estate, infrastructure and transport, with assets owned or under management of more than £5 billion.
Find out more www.peel.co.uk
Evander Properties specialises in the development and asset management of logistics and industrial real estate throughout the UK, providing best-in-class solutions for both investors and end-user occupiers.
The company takes a selective approach to development and has an enviable track record, providing its customers and investors with modern logistics space in key strategic locations that is designed and built to the highest standards and specification to suit their precise needs.
Find out more www.evanderproperties.com
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 65 office locations in 28 countries, employs more than 14,000 people and has assets under management totalling US$366 billion at 31 March 2016.
Macquarie Capital comprises Macquarie Group’s corporate advisory, capital markets and principal investing capabilities, with expertise spanning a variety of industry sectors including telecommunications, media, entertainment, gaming, financial institutions, industrials, energy, resources, real estate, infrastructure, utilities and renewables. The real estate team comprises over 70 executives globally and has raised in excess of US$55 billion of equity for a large number of real estate ventures. Macquarie Capital combines its deep real estate expertise with capital and has invested in a number of real estate operating companies supporting these groups to expand their platforms.
Find out more www.macquarie.com