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

10.0

Property values (€ bn)

46.8%

Loan to value
 

BBB

(Stable outlook)​
Credit rating

562 

Annualised
headline rent​ (€ m)

9.7

Gross Lettable Area​
(million m²)

98%

LfL Occupancy

84%

Green assets

+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
  • Structural tailwinds from e-commerce, nearshoring, and supply chain reorganization
  • Logistics outperforms other real estate sectors with high demand and limited supply
ESG as a priority
  • Targeting >75% Green assets (current LfL 84%)
  • Targeting >100 MWp Solar energy by 2027 (current 74 MWp)
  • Targeting >90% LED by 2030 (current 86%)
  • Sustainalytics ESG Risk Rating at 10.0 (Low Risk)
Large diversified quality portfolio
  • One of the largest logistics portfolios in continental Europe with €10bn property value and 9.7m sqm GLA 
  • Diversified across 10 countries (WE 60%, CEE 40%) 
  • 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 of  attractive acquisitions and successful developments with attractive pipeline 
Robust capital structure
  • Committed to BBB credit rating and  LTV <47.5%
  • Ample liquidity buffer and diversified long-term funding base
Tenant strength
  • Diversified tenant base: 490+ tenants across sectors 
  • High retention rate (~77%) and stable rent collection
Strong sole shareholder
  • GIC is a long-term well-capitalized investor as the sovereign wealth fund of Singapore
  • ~€4.8b equity value, with €875m capital contributed last 3 years

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 9.7 million sqm of GLA and €10.0bn in value as of FY 2024. 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