European logistics real estate specialist Verdion has appointed Mark Garrity to its team as Development Director UK.
Specialising in industrial and logistics development, Garrity joins the business from Chancerygate, where he was responsible for delivering new facilities across the Midlands and expanding the firm’s regional presence including The Forge Industrial Park in Minworth, Holbrook Park in Coventry and Genesis in Leicester. His experience also includes client-side and agency roles, and acquisitions and disposals activity across retail and trade counter markets.
At Verdion he will support the business in its next stage of UK growth, building on the success of the flagship iPort multimodal logistics hub outside Doncaster and focussing on logistics development opportunities underpinned by strong ESG credentials close to major urban populations.
Verdion is also expanding its activity across Europe. Its second fund – Verdion European Logistics Fund 2 (VELF 2) – is focussed delivering on off-market, value-add opportunities in strategic urban locations across Germany, the Netherlands, Denmark and Sweden. Other strategic partnerships continue, with investment and development in major parks, brownfield regeneration and complex built to suit manufacturing and logistics opportunities.
John Clements, executive director at Verdion, said: 'This is the right time for further UK investment, drawing on our team’s strong commercial and technical capability for asset-level value creation close to urban centres where the supply-demand imbalance continues to offer opportunities for future growth. Mark is a great fit for our expanding team and we are delighted to welcome him to the business.'
Mark Garrity, development director UK at Verdion, said: 'There is a significant growth potential in the UK’s regional urban logistics markets, especially where challenges around delivery may be holding back optimum use of brownfield sites.'