- Company closes 2020 with excellent occupancy figures, supported by the extension of existing contracts and the signing of new contracts with major companies
- In Italy, 2021 will be a year of high value transactions in strategic areas such as Bologna and Rome: 200,000 sqm potential pipeline of turnkey projects
P3 Logistic Parks, a pan-European real estate investor, developer and owner of logistics properties, closed 2020, a year marked by the Coronavirus pandemic, with a 98% occupancy rate, based on the company's renewed commitment to repeat clients and contracts with new ones.
Despite the fact that 2020 was a complex year, marked by an unprecedented context due to Covid-19, P3 Logistic Parks' flexibility and adaptation to the needs that clients require at different stages of business development, allowed the company to finalise key contracts with major brands.
In Italy, P3 has increased the leasable area, reaching a + 67% compared to 2019, and
increasing from a portfolio of 260,000 m² to 450,000 m² with the completion of the BLQ1 turnkey project for Amazon in Castelguglielmo (RO).
To date, the existing property portfolio in Italy is almost 'full occupancy', with the last 6,000 m² still available within the P3 Brignano logistics park. The logistics complex offers the highest standards of excellence, thanks to its 10.5-metre beam height, high-performance equipment and functional features that are well suited to customer needs, such as large outdoor manoeuvring areas, natural lighting and modularity.
The current pipeline envisages a total of 200,000 m² of potential turnkey projects, with a particular focus on Bologna and Rome, where in both areas the possibility of developing up to 100,000 m² of new logistics buildings is envisaged. The company is also constantly looking for new sites suitable for development, with the aim of building BTS warehouses according to the ever-evolving needs of customers; it is currently assessing the feasibility of further potential projects in strategic and junction areas.
Andrea Amoretti, Managing Director P3 Logistic Parks Italy, declares: "2020 has been a year full of challenges, which the team of P3 Italy has overcome thanks to its commitment and flexibility shown in meeting punctually the requests of the logistic operators. We have achieved important results and the excellent occupancy figures confirm this. We are confident that 2021 will be a very positive year, both for the industry and for our customers, with whom we will continue to work together to ensure service excellence."
2020 was not only a remarkable year on a national level, as the company made acquisitions of major portfolios such as Maximus, with more than 1 million m² distributed in key regions of Central Europe (Germany, Poland, Slovakia, the Netherlands, Belgium and Austria), or Matrix, with more than 650,000 m² distributed in more than 30 logistics assets in Germany.
In addition, P3 Logistic Parks has announced a change at the top with the appointment of Frank Pörschke as the new CEO in February 2021, replacing Tim Beaudin, who left the position following a planned handover. Pörschke's appointment is part of a strategic transition plan to move P3 into its next phase of development.
Over the past 12 months, P3 has grown rapidly, closing on more than €2 billion in acquisitions and increasing gross leasable area (GLA) by 48% to over 6.5 million m2.
Jean-Luc Saporito, Chief Development Officer of P3 Logistic Parks said: "Despite the current circumstances, European logistics is having a good time, boosted by key sectors such as e-commerce, which is crucial in the pandemic. Our aim remains to continue to grow by offering a high level of service, which we will undoubtedly maintain in 2021."
Translated with www.DeepL.com/Translator (free version)