News Article Bucharest Cristina Pop industrial P3 P3 Logistic Parks Romania
by Property Forum | Industrial

P3 Logistic Parks (P3) has concluded lease transactions for over 107,000 sqm in the first half of 2023, with most of the demand coming from existing clients.

Renewals accounted for 68,000 sqm, while another 32,000 sqm was represented by extension contracts. During H1, P3 was able to attract tenants in the light manufacturing segment, which is a new type of customer. 

“From a strategic perspective, we are long-term investors; therefore, the performance of the current portfolio is largely influenced by our customer-centric approach. We are committed to further developing strong collaborations and remaining a trusted partner in the logistics, industrial space, and now, light manufacturing sectors," said Cristina Pop, Head of Asset Management P3 Romania. 

The developer has continued to prioritize energy efficiency and sustainability measures for all buildings within the P3 Bucharest A1 Park. As a result, all warehouses are now BREEAM Very Good certified and equipped with LED lighting and solar panels. 

At group level, P3’s portfolio increased by more than 380,000 sqm to a total of 7.9 million sqm, while the net operating income rose by 21% to €205 million.