Jury Awards

Name of the company

P3 Logistic Parks

Name of President or Managing Director for CEE

Frank Pörschke, CEO of P3 Logistic Parks

Profile of President or Managing Director for the CEE region

Frank Pörschke was appointed P3 CEO in April 2021. Since then, he has contributed to position P3 for further growth and excellence in the highly competitive European logistics market, growing the total portfolio by 23% to 8 million sqm. In the CEE region since July 2022, P3 has developed 169,000 sqm new logistics space and acquired the Campus 39 business park in Wroclaw, southwest Poland, with more than 185,000 sqm, growing its CEE portfolio by 354,000 sqm GLA.

Projects completed between July 2022 and June 2023

P3’s 2022 results reinforce the company's ambition to be the leading owner, investor and developer of prime logistics and industrial assets across Europe. P3’s portfolio value grew to €8.3b driven by acquisitions and development despite experiencing, thanks to P3’s prudent, long-term approach, a comparatively low negative revaluation through market-wide yield expansion of just 2.3 %. Operationally, the company’s portfolio grew to 7.6 million m² across 11 European countries, registering an all-time high occupancy rate of 98%.

Projects completed between July 2022 and June 2023

P3 Prague D11, DC5, Czech Republic, 7,494 sqm
P3 Ostrava Phase 1, Czech Republic, 33,202 sqm
P3 Poznan D11 a+b, Poland, 77,337 sqm
P3 Lovosice B1 + B3, Czech Republic, 15,232 sqm + 6,570 sqm
P3 Myslinka Phase 1, Czech Republic, 17,499 sqm
P3 Warsaw, Poland, 11,666 sqm

Size of the projects completed between July 2022 and June 2023 (GLA)

169000

Portfolio of all completed properties currently held by your company

Czech Republic - P3 Myslinka phase 1; P3 Lovosice, P3 Ostrava phase 1, P3 Prague, P3 Horni Pocernice, P3 Olomouc, P3 Mlada Boleslav, P3 Prisovice.
The Czech Republic is a high-income export-oriented social market economy based in services, manufacturing, and innovation.

Poland – P3 Warsaw I, P3 Poznań, P3 Warsaw II, P3 Błonie, P3 Mszczonów, P3 Poznań II, P3 Piotrków.
Poland, thanks to its strategic location, developed transport infrastructure and dynamically developing economy, has excellent conditions for investment in warehousing and logistics.

Romania - P3 Bucharest A1 Park
It is a developing country. The A1 and A4 motorways are part of the northern branch of the Pan-European IV Corridor Road, which links Romania to Germany and Greece and also Turkey.

Slovakia - P3 Bratislava D2, P3 Bratislava Airport, P3 Zilina, P3 Nova Polhora

Slovakia is a developed economy, with a GDP of €118bn in 2021. Slovakia's GDP comes mainly from the services and the industrial sector.

Value of the projects currently held by company (in EUR)

Size of the projects currently held by company (GLA)

1324510

Properties sold between July 2022 and June 2023

None – P3 is a long-term owner of its logistics properties and focuses on growing, safeguarding, and improving its portfolio in the long term.

Value of the properties sold between July 2022 and June 2023 (in EUR)

0

Size of the properties sold between July 2022 and June 2023 (GLA)

0

Projects in progress

P3 is committed to providing sustainable and high-quality space for approximately 475 tenants to grow and thrive in. P3’s ability to deliver on tenant needs is seen in high tenant retention and consistently high occupancy rate across the portfolio. Its ability to deliver on development and investment promises has positioned the company as a trusted partner for many leading companies.

P3 Lesznowola DC1 + DC2, Poland – 83,045 sqm
P3 Ostrava Phase 2, Czech Republic – 29,499 sqm
P3 Wroclaw – Rakietowa, Poland – 18,745 sqm
P3 Katowice, Poland – 23,706 sqm
P3 Poznan DC10b, Poland – 28,292 sqm

Value of the projects in progress (in EUR)

Size of the projects in progress (GLA)

183287

Projects in the pipeline

P3 is interested in both greenfield and brownfield sites, inside and outside of city boundaries. The top priorities at a site are access to key transport networks, the available workforce, and places that can develop business parks. P3 is growing its land bank to offer industrial-sector companies a variety of options.

Bratislava Truck Parking, Slovakia – 11,188 sqm
Liberec, Jermanice, Czech Republic – 16,696 sqm
Mszczonow - DC7b, Poland – 20,691 sqm
Lovosice C, Czech Republic – 16,990 sqm

Please say why your company should be considered for the award

P3 has been investing, developing, and operating assets in the region for over two decades. In 2022 P3 generated an increase in the value of assets. In parallel, P3 continued the strategy of diversifying land banks in all key markets in CEE, which already allows it to respond immediately to customer demand in all leading regional markets. Our competitive advantage stems from our strong local presence combined with our extensive presence in Europe and solid capital position, which allows us to take development risks and close deals quickly. The Company owns and operates one of the largest logistics portfolios in continental Europe with €8.3b of GAV across 11 countries and 7.6m m² of GLA. Geographically diversified portfolio with presence in 11 countries, split as follows: Western markets (~61%) and CEE markets (~39%).
Currently 80.2% (based on the 2022 like-for-like) of P3’s assets have a “BREAAM” certification of “Very Good” or better or local equivalent.

Company website

www.p3parks.com