Mark’s last-mile logistics platform, Crossbay, has appointed former Mirastar investment director Amos Chia as its new head of acquisitions.
Chia was part of the founding team at logistics developer and investor Mirastar, which formed a JV with KKR in 2020. During his time at Mirastar, Chia completed more than €650m (£557m) of development and investment transactions.
Before that, he worked at Revetas Capital Advisors and Delin Capital, where he worked with Crossbay’s head of asset management Ben Ryan. Chia was part of a team owning and managing more than €1bn of industrial and logistics assets and helped establish a core-plus logistics strategy with Blackstone.
In his new role, Chia will work closely with Crossbay’s head of logistics Marco Riva to drive the business’s acquisition, development and management strategies.
Crossbay has bought more than 120 assets across the continent since its launch in May 2020. Capital partners include Townsend Group, CBRE GI, Credit Suisse, Nuveen, QInvest and Citi investment bank.
Its strategy targets single-user distribution centres in locations that are a maximum of 90 minutes away from core European city centres. Those include Italy, France, Spain, Belgium, Germany and The Netherlands. FedEx, Amazon and DHL are among its tenants.
Riva said: “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 stabilised 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.”
Chia said: “Crossbay was one of the early movers in the logistics sector, and the pedigree of its capital partners is testament to its vision and strategic ambitions. The quality of its 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.”
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