Luxembourg, Luxembourg, 07.08.2025 P3 Logistic Parks (“P3”), a leading long-term investor, manager, and developer of logistics properties in Europe, today announced the initiation of a planned leadership transition. CEO Frank Pörschke has notified the Board of his intention to conclude his tenure in the second half of 2026 as part of a structured succession process. The search for P3’s next Chief Executive Officer has now commenced.
Frank will continue to lead the company throughout the transition period. He remains fully committed to advancing P3’s strategic objectives and will work closely with the Board to facilitate a seamless handover to the next CEO. This transition reflects P3’s proactive approach to succession planning and the company’s focus on long-term stability and governance.
Tay Lim Hock, Chair of P3, said: “This is a proactive and planned process that reflects P3’s strong position and commitment to delivering customer and shareholder value. I am grateful that Frank has agreed to remain with the business while the Board undertakes a thorough and thoughtful process to select a successor who aligns with P3’s strategy, culture, and long-term goals.”
Tracy Stroh, Head of Real Estate, Europe, at GIC, remarked. “GIC is confident in the future of the P3 business. We continue to see favorable tailwinds in the logistics sector which supports P3’s long-term strategic vision. The business remains well-positioned to drive sustainable growth and long-term value creation.”
Business otherwise continues as usual. P3’s investment strategy, customer commitment, and operational priorities remain unchanged. The broader leadership team remains stable and fully engaged in delivering the company’s objectives for 2025 and beyond.