Frankfurt am Main | 12th January 2023. P3 Logistic Parks, a leading developer and long-term owner of logistics properties in Europe, is leasing its site in Regenstauf, Bavaria, to the BMW Group. The lease for the logistics space of around 22,200 square metres starts on 1 January 2023. The consultancy firm Realogis supported P3 with the letting.
The state-of-the-art logistics property, ideal for plug & play logistics, comprises around 17,700 square metres of warehouse space and 4,500 square metres of office space and is designed to allow for professional warehouse management and partial automation. Like all P3 parks, the Regenstauf site is designed to be environmentally friendly and has been awarded a BREEAM certificate, recently receiving a rating of "Very Good" under the BREEAM In-Use programme. For example, it has highly efficient water and LED lighting systems with motion sensors that reduce water and electricity consumption.
The property was built in 2014 and acquired by P3 in early 2020 as part of the so-called Maximus portfolio. This comprised 28 logistics properties with a total area of around 1,000,000 square metres in strategically important logistics centres within Europe and helped to significantly expand P3's portfolio in Germany by 14 properties.
Sönke Kewitz, Managing Director of P3 Logistic Parks Germany, says: “The acquisition of the portfolio at that time and thus also of the location was a milestone for our growth strategy for the German market, which is still having its full effect today. We are very much looking forward to working with the BMW Group here on site.”
Markus Happerger, Head of Department at Realogis Immobilien Süddeutschland: “We are very pleased that we were able to win over a Bavarian company for this location in the form of the BMW Group. The P3 property scores particularly well with its convenient location and flexibility. The letting once again underlines the strength of Bavaria as a logistics and business location.”
The P3 Park Regenstauf is located directly on the A93 motorway, a few kilometres north of the BMW Group plant in Regensburg. Nuremberg and Munich airports are both just 70 minutes away.