Saturday, 10 May 2025
Kamco Invest, an investment company in the Middle East and North Africa (MENA) region, has acquired a majority stake in European Green Logistics Space (EGLS), a specialist developer, investor, and manager of logistics assets across Europe. EGLS, co-founded by logistics veteran Ian Worboys, operates through offices in Prague, London, Paris, and Frankfurt, and aims to deliver modern, sustainable logistics facilities across key European markets.
EGLS is led by an expert team with decades of experience in the logistics and real estate sectors. CEO Ian Worboys brings over 40 years of industry expertise, including leadership roles at Gazeley, Panattoni, P3 Logistic Parks, and Trammell Crow Company. Joining him are Chief Investment Officer Amos Chia, formerly head of acquisitions at Crossbay, and Chief Financial Officer Glen Lonie, previously head of asset management for Central and Eastern Europe at Cushman & Wakefield. Together, the trio spearheads EGLS’s mission to transform the logistics landscape with a strong emphasis on sustainability and innovation.
With a robust network across the MENA region and a strong base of high-net-worth clients and institutional investors, Kamco Invest will support EGLS in expanding its offerings and reaching new investors. The partnership aligns with Kamco Invest’s strategy to create sustainable, ESG-focused investment opportunities for its clients while enhancing its alternative investment portfolio.
EGLS plans to deliver both modern big-box and urban logistics facilities through a dual strategy. The company will acquire outdated assets for retrofitting and modernization into sustainable facilities while also pursuing ground-up developments. In both cases, EGLS will collaborate with investors and occupiers to meet stringent environmental, social, and governance (ESG) standards.
“We believe there is a great ‘brown-to-green’ opportunity,” said CEO Ian Worboys. “By converting outdated units into modern, sustainable facilities and carrying out new developments that meet ESG requirements, we aim to meet the growing demand for sustainable logistics solutions amid a supply shortage.”
EGLS’s initial focus will be on the UK, France, Germany, and the Czech Republic, with plans to expand into Spain, the Netherlands, and Italy.
EGLS has already secured a robust pipeline of sites and standing assets, positioning itself to capitalize on the growing demand for sustainable logistics facilities. The partnership with Kamco Invest will be complemented by collaborations with other major investors on a separate account basis, enabling the company to pursue diverse investment strategies across multiple markets.
“The European logistics market presents a significant opportunity at this stage of the real estate cycle,” Worboys explained. “With demand for modern facilities remaining strong and supply constrained, this is an ideal time to invest in long-term value creation.”
To execute its ambitious plans, Worboys has assembled a team of 18 seasoned professionals with more than 300 years of collective experience in logistics and real estate. Key appointments include Simon Stacey as Head of Asset Management for Europe, Phil Sutton as Head of the UK, Mario Sander as Head of Germany, Austria, and Poland, Patrick Rebel as Head of France, and Dominika Surovcová as Head of the Czech Republic and Slovakia.
Commenting on the partnership, Mohammad F. Al Othman, Senior Executive Director of Alternative Investments at Kamco Invest, said, “This venture reinforces our commitment to responsible investing while creating value for our regional clients. Our collaboration with EGLS emphasizes sustainability and positions Kamco Invest as a key player in ESG-focused opportunities in the logistics sector.”
As e-commerce continues to expand and companies prioritize securing robust supply chains, the logistics real estate market has emerged as a critical sector. With its strategic locations, sustainable initiatives, and experienced leadership, EGLS is poised to capture significant market share and meet the evolving needs of modern logistics users.
Through this partnership, Kamco Invest and EGLS are set to redefine the European logistics market, creating innovative and sustainable solutions that align with global investment trends and environmental priorities.
Photo: Glen Lonie, Ian Worboys and Amos Chia (EGLS)
