Peel Logistics and Evander Properties have agreed a merger with Evander’s directors becoming shareholders in Peel and taking senior leadership positions.
Jeremy Greenland has been appointed chief executive officer of Peel Logistics, and Neil Dickinson has been appointed chief operating officer. They 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 was launched in July 2015 as a joint venture between Peel Land and Property Group and Macquarie Capital. In 2016 it 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.
Jeremy Greenland founded Evander in 2007. Before that he 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.
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.”