Appointment comes as P3 strengthens position in capital markets
Singapore | Prague, 1st February 2022 - P3 Logistics Parks today announces the appointment of Thilo Kusch as Chief Financial Officer (“CFO”), with effect from 1 February 2022. This new position will help the company expand within capital markets, as well as further strengthen its operations and reporting.
Mr. Kusch is a board and C-level leader with 30 years of commercial capital market experience and a special focus on transformation and corporate innovation in medium-sized and large companies. Recently, he held interim CFO positions in strategic investors and private equity backed companies. Previously, he was the CFO of T-systems, CEO of Telecom North Macedonia (Makedonski Telekom) and CFO of Hungarian Telecom (Magyar Telekom). Thilo is a graduate of the Technical University Berlin, where he earned his Master´s degree in business administration and electrical engineering.
Frank Pörschke, CEO of P3 Logistics Parks, comments: “I am delighted to welcome Thilo Kusch to P3 at such an important time for the business. We continue to seek ways to strengthen and grow the business, both in absolute terms and with regards to investment-grade governance and processes, towards our goal of being the leading investor and developer of logistics real estate in Europe.”
Thilo Kusch, CFO of P3 Logistics Parks, adds: “P3 is extremely well positioned in a highly attractive growth segment of the real estate market. I am excited to apply my experience with capital markets and business transformation to bring the company up to the next level.”
Mr. Kusch’s appointment comes just two weeks after P3 announced its bond market debut with the successful issuance of EUR 1 billion senior unsecured dual-tranche Green Bonds on the Luxembourg Stock Exchange’s Euro MTF market.
About P3 Logistic Parks
P3 is a long-term investor, manager, and developer of European warehouse properties with more than 6.4 million m² of assets under management and land bank of 1.6 million m² for further development. P3 has commercial activities in 11 countries and has been investing and developing in European markets for more almost two decades. Headquartered in Prague, P3 employs more than 200 people across 11 offices in key European cities, offering integrated development, asset, and property management services. For more information about P3, please visit www.p3parks.com
Forward-looking statements
This press release includes forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as the words “expect”, “estimate”, “project”, “anticipate”, “believes”, “should”, “could”, “intend”, “plan”, “probability”, “risk”, “target”, “goal”, “objective”, “may”, “will”, “endeavour”, “outlook”, “optimistic”, “prospects” or by the use of similar expressions or variations on such expressions, or by the discussion of strategy or objectives. Forward-looking statements are based on current plans, estimates and projections and are subject to inherent risks, uncertainties and other factors which could cause actual results to differ materially from the future results expressed or implied by such forward-looking statements. Any forward-looking statements made in this press release speak only as of the date hereof. The Company does not intend to publicly update or revise these forward-looking statements to reflect events or circumstances after the date of this press release and does not assume any responsibility to do so.