ARTICLES LABELLED WITH TAG P3

P3 has announced the signing multiannual contract with PepsiCo for the lease of 58,470 sqm of modern warehouse and office space at P3 Mszczonów park. This will be the largest PepsiCo facility in Poland forming concern’s distribution network and operating as a central warehouse. JLL represented the client in this lease transaction.

One of the newest industrial parks in the portfolio of the developer and manager of industrial properties, P3 Logistic Parks, will launch an expansion this spring. Warehouse A will be enlarged from its present size of 30,000 sqm by an additional 60,000 sqm. The extra capacity will be available to prospective customers at the end of the year. It will be the largest building in P3’s portfolio in the Czech Republic.

P3 Logistic Parks has acquired a 16-hectare site in Dragomiresti Vale, a prime logistic location on the north-west outskirts of Bucharest. A new 80,000 sqm logistics park – to be known as P3 Bucharest NW Ring Road – is to be developed on the site, which has direct access to the newly extended Bucharest Ring Road and provides easy access to all parts of the Romanian capital, as well as the A1 and A3 highways.

P3 has a strong pipeline of Romanian projects for 2018, the company announced. P3 plans to open new locations in Bucharest and the western part of the country.

P3 has acquired a second logistics park near Lovosice, in the Ústí region of the Czech Republic, from HB Reavis. The new park, to be known as P3 Lovosice Cargo, comprises a single 43,500 sqm warehouse which is fully let to a long-term occupier and houses all of its business operations, including offices. P3 Lovosice Cargo has a direct rail link to the nearby international rail freight container terminal. Its accessibility is further enhanced by connections to Exits 45 and 48 on the recently opened D8 motorway.

P3 has acquired over 17 hectares of land in the vicinity of P3 Bucharest Park with the purpose of developing the park up to 500,000 square meters in the next two years. The new plot of land allows for the building of a warehouse of up to 100,000 sqm.

Czech online retail giant Alza has leased a 22,000 sqm warehouse at P3 Prague D8 park as increasing sales volumes put pressure on its existing logistics centres around Prague in the Holešovice District and at P3 Prague Horní Počernice park. Alza will move into the specially adapted facility – which will feature a mezzanine storage system that has the capacity to almost quadruple the total floorspace – in January (2018). Both of Alza's existing logistics centres are equipped with technology to ensure that the company can meet its delivery time promises – particularly useful during the hectic pre-Christmas season.

A huge increase in urban logistics property space is required across key centers in Europe in the next few years to meet the exponential growth of e-commerce and the resultant need for last mile delivery in cities, according to a new research report from Cushman & Wakefield.

P3 has signed a deal with FM Logistic to be the first occupier at its new park in Lovosice, close to the borders with Germany and Poland in the north of the Czech Republic. The French logistics company is already a well-established P3 customer, with build-to-suit warehouses at P3 Prague D11 park and on two P3 parks in Poland completed earlier this year. It also occupies space on P3 parks in Romania.

P3 is constructing a new 61,000 sqm building at P3 Piotrków park in Central Poland. Its main tenant will be Kuehne + Nagel, which will occupy 56,000 sqm of space. The facility is scheduled for completion in January 2018.