P3 embarks on a shopping spree

P3, the long-term investor, and developer of logistics property in Europe acquired three attractive plots with a total surface area of 32 ha at the end of last year. They are all located within the administrative boundaries of large cities like Łódź, Wrocław, and Bydgoszcz.

The largest of the acquired plots, with a surface area of almost 14 ha, is located in Bydgoszcz, within the Bydgoszcz Technology Park – one of the largest industrial and technological parks in Poland. A warehouse with an area of almost 70,000 sqm has been scheduled to be built there. This is P3’s first investment in the city and region. In the meantime, in Wrocław, a facility with a surface area of 18,500 sqm will be built on a plot of around 4 ha located near the International Airport. The project in Wrocław, similarly to the one in Łódź, are typical locations for urban logistics. Within the Łódź investment, P3 will complete two buildings with a total surface area of over 44,000 sqm, which will perfectly complement and extend the current offering of the developer in the city.

“The past year was exceptionally successful for us. We signed lease agreements for over 380,000 sqm of leasable area and we began the construction of warehouses with a total surface area exceeding 150,000 sqm. In parallel, we also completed the execution of over 70,000 sqm of new facilities. Over the past few months, however, we have been focusing not only on construction and commercialization but also on securing attractive land plots for future investments, thus, increasing our land bank by three new plots on which we are planning to build urban logistics facilities, which will ultimately increase our resources by around 130,000 sqm of modern warehouse space.” Bartłomiej Hofman, Managing Director for P3 Logistic Parks in Poland, said.

(WBJ)