Infinium Logistics Solutions, the pan-European logistics solutions business, announces that Phil Bayliss has joined to head up its new property investment company, Infinium Logistics Properties.
The pandemic has rocket-fuelled the e-commerce sector, particularly the B2C market – accelerating a long-term trend. According to research by Gartner, the European e-commerce market is expected to hit revenues of €411bn this year, up 30% on pre-pandemic levels, and around €504bn by 2025. The last mile currently costs around 40% of the total delivery expense and produces a disproportionate volume of carbon emissions in the areas that people live. Infinium Logistics Properties has been established to lead institutional investment into decarbonising, electrifying and optimising the logistics chain.
Capitalising on the deep knowledge, network and expertise of the wider business, one of Infinium Logistics Properties’ prime areas of concentration is the creation of a new sustainability-focused asset class which combines commercial real estate and Electric Vehicle infrastructure in order to: drive efficiencies, create a better working environment for last mile delivery service providers and combat climate change. Infinium Logistics is also focused on urban logistics hubs and parcel lockers.
Phil has joined the business from Legal & General, where he has held a number of senior roles over the past 14 years, focused on establishing and scaling growth businesses and leading institutional investment into emerging markets within the property sector. Most recently he was CEO of Later Living at Legal & General Capital, responsible for establishing Inspired Villages, a market leading developer and operator of retirement communities across the UK.
In addition to his role as CEO of Infinium Logistics Properties, he has also taken on the role of Executive Chairman of Inspired Villages, and his departure from Legal & General follows securing a 15-year joint venture partnership with NatWest Group Pension fund to invest over £500m of equity through Inspired Villages to scale up the delivery of net zero carbon later living communities across the UK. Bringing forward around 5,100 homes and c.£4bn GDV over 34 villages, this significant investment represents the biggest commitment to date to expand the integrated retirement communities sector; addressing the critical shortage of appropriate housing for older people in the UK whilst also combatting climate change.
James Lee, Chairman of Infinium Logistics, comments: “I am thrilled to welcome Phil to the Infinium team, bringing with him the proven ability to structure and invest in new and emerging sectors of the property market that are backed by long term structural growth drivers. He has joined a business with deep logistics and mobility know-how, and we are excited to have Phil and his team utilising this expertise in order to deliver great, wide-ranging products and solutions for our global supply chain customers that enhance their operational performance and address the growing pressures of climate change.”