St Modwen has appointed James Cooper, formerly of InfraRed Capital Partners (IRCP), to head up a dedicated team focused on growth through investment in new opportunities.
The team will focus on acquiring high-quality, ready-let urban and big box logistics opportunities that are ripe for modernising.
Cooper, who spent 21 years at IRCP, will work closely with Polly Troughton, managing director of St Modwen Logistics, and St Modwen owner Blackstone, to source and execute acquisitions that complement its development programme.
Cooper said: “This is an exciting time to be joining St Modwen, one of the UK’s fastest-growing logistics platforms. We will look to grow the business through the acquisition of single assets, portfolios and existing platforms, targeting all asset types from big box, through to last-mile urban logistics, recognising the vital role they all play in modern supply chains.
“Our conviction for logistics is underpinned by a number of long-term structural drivers, including the growth of e-commerce, and we are well-placed to capitalise on any short-term market volatility.”
Troughton added: “James’ arrival underlines our considerable growth plans, with a renewed focus on acquisitions alongside our ambitious development programme.
“Over the past few years, the importance of logistics space as national infrastructure and an economic driver has become better understood and appreciated but there remains an acute shortage of supply in many parts of the UK. Our strategy is to own and manage the space that supports businesses of all shapes and sizes across the country, and I look forward to working with James and the team to further accelerate the growth of our portfolio.”
