LS Estates has launched a new division dedicated to the industrial and logistics sector.
The company has appointed Paul Crosbie, former head of industrial and logistics at M&G Real Estate, to head up the new strategic initiative which is called LSi.
In his new role of business space and logistics director at LSi, Crosbie will identify and assess new opportunities, with LSi currently evaluating £200m of potential investments as part of its ‘decarbonise to core’ strategy.
LSi will focus on providing investors and occupiers with carbon solutions encompassing both new development and retrofit asset management initiatives.
Crosbie has more than 20 years of industry experience and prior to working for M&G he spent 10 years at Rockspring (now Patrizia) specialising in industrial and logistics. He also worked for CBRE in London and Dubai
Mark Swetman, chief executive of LS Estates, said: “We are extremely pleased to welcome Paul to the LS team, and we look forward to working with him to accelerate our presence in the logistics sector. 2024 has proven to be an exciting year for the company with two new significant mandates, and Paul’s expertise will guide our expansion into one of the most exciting areas of the real estate market.”
Crosbie (pictured) added: “The logistics sector is one of the most attractive to investors right now, and I am thrilled to join a team renowned for its expertise in developing innovative new properties and retrofitting older assets. LS Estates has an exceptional track record of transforming obsolete buildings into sustainable, high value workplaces. I am eager to apply my experience and knowledge to further unlock the potential of our business in the logistics sector.”
