ARTICLES LABELLED WITH TAG P3

JLL has advised SLS Cargo, a transport and logistics company, in a lease transaction of 15,500 sqm of warehouse space in P3 Bucharest A1, located approximately 13 km west of Bucharest’s city centre. The new location is consolidating under one roof the logistic operations of SLS Cargo located around Bucharest.

P3 Logistic Parks lased out a total of 58,637 square meters of logistic and office space in H1 2020 to clients such as Gebrüder Weiss Romania, Interbrands Marketing & Distribution, Logwin or Just Master Activities. Of the total number of transactions, 52% of the surface (30,466 sqm) is represented by new long-term contracts, 38% are prolongations of existing contracts (22,420 sqm), and the remaining 10% (over 5,700 sqm) are short-term leasing agreements.

Elite Partners Capital has acquired a warehouse in Mszczonów, Poland for more than €30 million from a subsidiary of Singapore’s sovereign wealth fund GIC. The transaction spearheads its build-up of a portfolio of specialised logistics assets in Europe to address opportunities arising from COVID-19-related disruptions.

P3 Logistic Parks has signed a lease agreement with Interbrands Marketing & Distribution for 24,830 square meters of logistics and office space within P3 Bucharest A1 park. Interbrands has been a client of the park since 2006 and decided now to relocate to a larger warehouse that can accommodate Orbico Group's expansion operations in Romania. On this occasion, Interbrands also begins the implementation of an extensive logistics automation project in the new warehouse.

P3 has signed a lease agreement with InPost for 10,882 sqm in the P3 Piotrków park. The modern warehouse and office space will be used for logistic processes within services offered by InPost Fulfillment, an operator for e-commerce companies.

DIY retail group XLMX, the company that controls furniture stores KIKA, Möbelix and XXXLutz, has leased 25,000 sqm in P3 Lovosice, located between Prague and the Czech-German border. The new hall will serve as a central warehouse for stores in the Czech Republic and other European markets.

Singapore-based alternative asset manager Elite Partners Capital has announced the first close of its pure-play Elite Logistics Fund. Launched in January 2020, Elite Logistics Fund, which targets investment opportunities in the EU and UK logistics sectors, now holds more than 372,000 sqm of logistics assets in Poland and the UK.

GIC, Singapore’s sovereign wealth fund, has signed an agreement to acquire a pan-European logistics real estate portfolio (Maximus) from funds managed by affiliates of Apollo Global Management, Inc., a leading global alternative investment manager, for a net consideration of approximately €950 million. This acquisition is in line with GIC’s strategy to scale up its fully-owned P3 logistics platform and reinforce P3’s position as a leading developer and manager of logistics properties in Europe. 

P3 Logistic Parks is expanding its activities with its first project in eastern Slovakia. It is starting construction of a modern logistics and industrial park near the village of Nová Polhora. This is an attractive location for developers and business, offering easy access via the D1 motorway to the metropolises of eastern Slovakia – Košice and Prešov – and logistics connections to neighbouring countries.

P3 Logistic Parks has signed an exclusive agreement to partner with Virtuplex, Europe’s largest B2B virtual reality laboratory, to explore the application of VR technology in the logistics warehouse space.