JLL has successfully advised P3 – the specialist owner, developer and manager of European logistics properties – in the acquisition of warehouse assets in Poland and Romania from CA Immo, a deal announced earlier in the week. The portfolio consists of two logistics parks in Poland and one in Romania, totaling 467,000 sq m of leasable space.
The acquisition also included 165 ha. of industrial land, principally in Poland and Romania. Peter Bečár, Managing Director CEE, P3 said:
“P3 has doubled in size over the past year after a number of very large acquisitions in Italy and CEE and is now one of the top logistics providers in Europe. Therefore with this latest investment in Poland and Romania, it was vital to have the support of an agency partner such as JLL, who understood our business strategy and had the expertise and geographic reach to assist us in complex cross-border transactions.”
The Bucharest park is the largest of the three assets acquired by P3 and the largest existing logistics development in Romania. It offers 215,000 sq m of warehouse space and 40 ha. of land for development close to Bucharest.
The park is an excellent location for third-party logistics providers and retailers alike – with direct access to the A1 motorway and the close proximity of a dedicated railway with an own terminal, which is part of the 4th Pan-European Transport Corridor. The tenants include Carrefour, Tibbett Logistics, Gebrüder Weis, eMag and Interbrands.
P3 is a specialist owner, developer and manager of European logistics properties. Active throughout Europe, P3’s asset base will now comprise 144 warehouses spread across nine countries and a land bank with zoning for more than 1,450,000 sqm of potential development.