Crossbay plans to invest €500 million in creating a last-mile logistics platform in Spain over the next three years. “We will create a high-quality, consolidated portfolio with a first-rate customer base,” said Carmen Reviriego, the firm’s vice-president and country head in Spain, in an exclusive interview with Brainsre.news.
To carry out the investment, Crossbay modified its business organisation, creating a local team. Gonzalo Alcover, the company’s investment and asset management analyst, summed up the changes: “In the past, we worked with an operating partner in Spain, and now we have a local team from where investments are analysed and executed in coordination with our team in London.”
Crossbay was created as an investment vehicle for last-mile logistics assets in Europe. It owns assets in France, Germany, Spain, Italy, Poland and Belgium, the Netherlands and Luxembourg. “Portugal is a market we are also interested in,” Mr Alcover added.