P3 Logistic Parks has appointed Simon Carter as Chief Executive Officer, succeeding Frank Pörschke who will remain in the role until Carter joins within the next 12 months. The two will work together during a handover period to ensure business continuity.
Carter brings experience in real estate and corporate leadership, most recently serving as CEO at British Land since November 2020, having previously been CFO from 2018. Before that, he was CFO at Logicor, the European logistics real estate operator.
Tay Lim Hock, Chair of P3, said: "Simon has a track record in strategic leadership and expertise in the real estate sectors. I would also like to express my thanks to Frank for his dedication to P3 over the past five years, during which he has guided the business through a period of growth and market volatility."
Carter commented: "P3 has had success as a European logistics real estate platform, and I am looking forward to working alongside its team and the shareholder to further build on this foundation."
P3 is a long-term investor, manager and developer of European warehouse properties with more than 9.7 million sqm of assets under management and a land bank of 3.5 million sqm for further development. The company has commercial activities in 10 countries and employs more than 280 people across 11 offices in European cities.
