P3 Group announced the issuance of its inaugural senior unsecured RegS dual-tranche green bonds across 4- and 7-year tenors, in an aggregate principal amount of €1 billion. The bonds, which will be traded on the Euro MTF Market and listed on the official list of the Luxembourg Stock Exchange, will bear a fixed coupon of 0.875% for the 4-year tenor, and 1.625% for the 7-year tenor, and are expected to be rated BBB by S&P, in line with the corporate rating.

P3 is to develop an 82,500 sqm facility with an additional 27,000 sqm expansion option for furniture e-commerce specialist Westwing in P3 Poznań.

Leasing activity in the Romanian industrial and logistics market was up 21% to 360,000 sqm in the first half compared to the same period of last year, driven by relocations and the closing of new contracts, according to a report by real estate consultancy Cushman & Wakefield Echinox. 

Warehouse owner and developer P3 Logistic Parks says it leased over 35,800 sqm of logistics and office space in Romania in Q1 2021. The company renewed contracts for more than 22,500 sqm of spaces, while the rest was represented by new leases.  

Industrial developer P3 is preparing the construction of a modern industrial park in Myslinka, located about 15 km from the centre of Pilsen, which will offer 64,000 sqm of space to potential tenants. Construction of the first buildings is expected to be completed in the second quarter of this year. A total of five buildings will provide units ranging from 3,000 sqm to 30,000 sqm.

This year, P3 will focus on offering clients facilities constructed on a built-to-suit basis. On a site adjacent to highway D6 near Prague, the industrial developer is ready to start building 17,000 sqm of warehouse space immediately. Additional thousands of square metres are on offer midway between Prague and Dresden at P3 Lovosice, and the first columns will soon be erected in P3's new parks in Ostrava and in Myslinka near Pilsen. All of P3's new buildings will carry a BREEAM Very Good or higher certificate.

P3 Logistic Parks (P3) announced the appointment of Frank Pörschke as its new CEO, with effect from 1 April 2021. Tim Beaudin, CEO since 2019 and previously Board Chairman, is stepping down as part of a planned leadership transition. 

E-commerce makes a major leap registering important figures globally, reaching 4.28 trillion dollars in 2020, an increase of 27.6% compared to 2019, and the demand for logistics services is on the rise. Here are the latest trends in the e-commerce and logistics sectors as predicted by futurologist Sean Culey – strategist, transformation advisor, and external consultant to P3 Logistics Parks. 

Carrefour Romania renewed its leasing contract with P3 for approximately 85,000 sqm in P3 Bucharest A1, making it one of the largest deals on the local logistics market. CBRE Romania assisted P3 in this deal. 

Long-term owner and warehouse developer P3 has signed a lease agreement with HOPI for approximately 33,910 sqm of warehouse and office space in the P3 Mszczonów park. The new building will serve as HOPI's central warehouse and HQ in Poland.