Crossbay, one of Europe’s first and largest pure play urban logistics platforms incubated by investment manager MARK, has strengthened its senior leadership team. Former Mirastar investment director Amos Chia has been appointed as head of acquisitions.
Chia was part of the founding team at pan-European logistics developer and investor Mirastar, which partnered with Goldman Sachs in 2019 and formed a joint venture with KKR in 2020.
During his time there Chia completed over €650m of development and investment transactions.
Prior to that he occupied positions at Revetas Capital Advisors and more recently Delin Capital, where he worked with Crossbay’s current head of asset management Ben Ryan. Chia was part of a team owning and managing over £1bn of industrial and logistics assets and helped establish a Core Plus logistics strategy with Blackstone.
Chia will play an instrumental role in the continued expansion of Crossbay. He will work closely with Crossbay’s head of logistics and former Logicor director Marco Riva to turbocharge the acquisition, development and management of high-quality last-mile assets for some of the world’s largest institutional investors.
Crossbay has acquired over 120 assets across the continent since its launch in May 2020 and capital partners include the likes of Townsend Group, CBRE GI, Credit Suisse, Nuveen, QInvest LLC and Citi investment bank.
Its expansion strategy has been to target single-user distribution centres in locations no more than 90 minutes from core European city centres, with an established presence in the likes of Italy, France, Spain, Belgium, Germany and The Netherlands. FedEx, Amazon and DHL are amongst high-profile tenants.
Marco Riva, head of Crossbay and logistics at MARK, comments: “Amos acquired considerable experience in the logistics sector long before it evolved into one of real estate’s mainstays and he has a proven track record of delivering high-performing and stablised portfolios for the likes of Blackstone, KKR and Goldman Sachs. His incredible depth of local knowledge, address book, and track record in delivering for some of the biggest funds in the world chimes perfectly with our strategy, which is founded upon the local market knowledge of our on-the-ground teams and their access to off-market opportunities.
Amos Chia, head of acquisitions at Crossbay, comments: “Crossbay was one of the early movers in the logistics sector and the pedigree of their capital partners is testament to their vision and strategic ambitions. The quality of their portfolio, despite being in the works for just two years, is also one of the best I have seen in my almost 10 years in the sector and I look forward to supporting its next phase of growth.”