Over the next three years, P3 plans to more than double the size of its portfolio in Germany. The German estate currently comprises 320,000 m2 and it is anticipated that this will grow by up to 450,000 m2 with further potential projects in the pipeline.

Kewitz has significant experience in the sector having held top positions at Ixocon GmbH and Garbe Logistic AG. Most recently, he successfully led Panattoni as Managing Partner.

Kewitz lives with his family in Hamburg. He completed his studies at the International Real Estate Business School (IRESB) in Regensburg. To this day, he is an active member of the Immoebs alumni circle and regularly works for IRESB as a lecturer in Eltville, Berlin, Essen and Munich.

Ian Worboys, P3's Chief Executive Officer, said: "We are glad that we can put our strong growth plans in such an important logistics location as Germany into experienced hands. Sönke convinced us that he was the right person for the job, not only with his substantial expertise, but also with his reputation in the market. We look forward to working with him to expand our real estate portfolio as well as our German team."

P3 currently operates 10 logistics parks in Germany. Highlights planned for Germany in the period to the end of the year (2018), include the handover of P3 Kamen park to Arvato and the start of construction on P3 Pfungstadt and "https://www.p3parks.com/en/our-parks/platform/map/87-p3-obertraubling/">P3 Obertraubling parks.