Credit Profile

P3 Logistic Parks offers credit investors a resilient and diversified platform built on strong industry fundamentals, stable cash flows, and prudent financial discipline. With a high-quality portfolio across Europe, long-term tenant partnerships, and the backing of a leading institutional shareholder, P3 delivers sustainable growth, financial resilience, and lasting value creation.

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Credit Profile

10.8

Total Property Value (€ bn)

46.7%

Loan to value
(Incl. committed disposal)​

BBB

(Stable outlook)​
Credit rating

608

Annualised
headline rent​ (€ m)

10.2

Gross Lettable Area​
(million m²)

96.3%

LfL EPRA Occupancy​

83%

Green buildings

+7%

# of tenants

Key Credit Highlights

P3 Logistic Parks offers investors a resilient platform, combining a diversified portfolio, strong tenant base, disciplined financial structure, ESG leadership, and the backing of a well-capitalized long-term shareholder.

Resilient Industry Growth Dynamics
  • Favourable long-term tailwinds: shift to e-commerce and re-organisation of supply chains

  • Strong performance vs. other real estate sectors
ESG as a Priority
  • Targeting >75% Green buildings (current LfL 83% by value)

  • Targeting >100 MWp onsite PV by 2027 (current 99 MWp)

  • Targeting >90% LED by 2030 (current 89%)

  • Sustainalytics ESG Risk Rating at 8.1 (Negligible Risk)

  • New stricter Green Financing Framework published Jan 2026

Large Diversified Quality Portfolio
  • One of the largest logistics portfolios in continental Europe with €10.8bn property value and 10.2m sqm GLA 

  • Diversified across 10 countries (WE 62%, CEE 38%)

  • High quality modern portfolio in strategic locations

Strong Operating Platform
  • In-house teams in 9 countries for development, transactions, asset management, construction and finance

  • Proven capability for attractive acquisitions and successful developments with solid pipeline

Robust Capital Structure
  • Committed to BBB credit rating, LTV <47.5%

  • Ample liquidity buffer and diversified long-term funding base

Tenant Strength
  • Diversified customer base: 490+ tenants across sectors 

  • High retention rate (~75%) and stable rent collection

Well-capitalised Sole Shareholder
  • GIC is a long-term investor as the sovereign wealth fund of Singapore

  • ~€5bn equity value

A leading logistics real estate investor and developer

P3 has built one of the largest and most diversified logistics portfolios in continental Europe, with assets strategically positioned across 10 countries. Our portfolio has grown steadily in both scale and quality, reaching 10.2 million sqm of GLA and €10.8bn in value as of FY 2025. The charts illustrate this growth journey: the expansion of our portfolio in property value over time, and the geographic spread of value across our European markets.

A leading logistics real estate investor and developer
A leading logistics real estate investor and developer