Scannell Properties Expands Logistics & Supply Chain Developments into Europe
October 1, 2018
Indianapolis-based Scannell Properties is setting up operations overseas with plans to invest in France, Germany, Italy, the Netherlands, Spain and the UK.
Recognizing that Europe’s industrial sector is currently undergoing a structural transformation, driven by the exponential growth of online retail as well as solid fundamentals within traditional industrial sectors, Scannell will develop both build-to-suit and speculative projects and will focus on the rapidly transforming supply chain sector.
A privately-owned development and investment company, Scannell has been in business since 1990 in The U.S. and Canada and has developed over 270 buildings for clients such FedEx, Best Buy, GE, Amazon, American Tire Distributors, Biaggi, Constellation Brands U.S., KeHe Distributors, Nestle, Performance Food Group, Schedl Automotive System Service, General Mills, and many other reputable companies.
Scannell’s footprint in the U.S. and Canada is vast. To date, Scannell Properties has developed properties in 44 states and three Canadian provinces, with their business built on developing specialized facilities in Tier I & II markets. Their annual vertical development is over 1 billion.
To help them drive growth in Europe, the company opened an office in London and appointed Amaury Gariel as Managing Director. Based in Europe, Gariel joins Scannell from CBRE where he has spent 23 years, most recently as Managing Director, EMEA Industrial and Logistics Services.
Bob Scannell, President and Founder of the company commented, “We are capitalizing on our experience and our continued success in the U.S. and now expanding to Europe. We welcome Amaury to the business from CBRE as he brings an in-depth understanding of the European market."
In response to his appointment, Amaury Gariel said, “The Industrial and logistics sector is facing rapid change in response to technological advances and smarter, more demanding consumers. For the most dynamic retailers and logistic providers there are promising opportunities to transform, differentiate and grow. I’m delighted to be joining Scannell Properties, as a business with such an exceptional reputation for Occupier and Investor service. As market fundamentals remain extremely strong, Scannell Properties platform is uniquely positioned to expand and capture the European opportunity.”