P3 Logistic Parks, owner and long-term investor in European logistics real estate, continues to grow in 2020 despite an extraordinary economic context thanks to a strategy that is being deployed, a multi-skilled team and numerous developments in France and Europe.
"Logistics is at the heart of current events, particularly thanks to the acceleration of a certain number of transformations among retail players towards e-Commerce, data-driven development, improvement of the cold chain and the continuous adaptation of the logistics sector," notes Christophe Chauvard, Managing Director of P3 Logistic Parks.
P3 Logistic Parks is growing strongly in Europe and this acceleration has been stimulated by two major operations: the acquisition in late 2019-early 2020 of "Maximus", a group of 28 warehouses, and more recently of Matrix in Germany, an asset that brings together 33 sites representing 650,000 m² of logistics buildings. This allows P3 to now claim more than 6 million square meters in 12 European countries.
In France, the group has a more modest and historic portfolio of 267,000 sqm.
"We now have a large pipeline of ongoing projects", says Christophe Chauvard.
P3 France anticipates a total of 600,000 sqm of projects to be developed over the next 3-4 years. The company has thus positioned itself on various land sites: in Rouen, a trimodal site allowing the construction of nearly 65,000 m² in collaboration with port players, in Seclin, nearly 23,000 m², on an industrial site, in Laon on the N2, a bimodal land reserve with a development potential of 130,000 m².
P3 has also had several rental successes with almost 50,000 sqm of warehouses rented over the last 12 months, notably in Brétigny, with the companies Elis and Le Comptoir du Jardin for a total of 28,000 sqm, as well as 19,000 sqm to a major retailer in St martin de Crau.
In the Paris region, only 19,000 sqm is currently available and is already under advanced negotiation. Mi-2021 P3 will also offer for rent a warehouse of approximately 42,000 sqm in the Montpellier region. Two other very good BREAM acquisition projects, one in Marseille (36,000 sqm) and one in Orleans (38,000 sqm) are also being finalised.
"P3 Logistic Parks wants to grow and we are ready to invest whether through development on brownfield or urban sites, through the acquisition of value added assets above €20m or critical size assets (in portfolio in France or Europe) or through sale & lease-back projects with our clients, other developers or funds. "concludes Christophe Chauvard.