{"id":20904,"date":"2020-11-01T07:30:34","date_gmt":"2020-11-01T06:30:34","guid":{"rendered":"https:\/\/blog.brand-architecture.at\/2020\/11\/01\/gic-expands-p3-logistic-parks-german-portfolio-with-acquisition\/"},"modified":"2025-12-15T12:41:45","modified_gmt":"2025-12-15T11:41:45","slug":"gic-expands-p3-logistic-parks-german-portfolio-with-acquisition","status":"publish","type":"post","link":"https:\/\/loginfo24.com\/en\/2020\/11\/01\/gic-expands-p3-logistic-parks-german-portfolio-with-acquisition\/","title":{"rendered":"GIC Expands P3 Logistic Parks&#8217; German Portfolio with Acquisition"},"content":{"rendered":"<p>P3 Logistic Parks, a long-term owner and developer of European logistics properties and owned by GIC, Singapore&#8217;s sovereign wealth fund, is acquiring a substantial portfolio (&#8216;Matrix&#8217;) of German retail logistics properties. A total of 33 retail logistics locations in Germany will be acquired.<\/p>\n<p>(Frankfurt am Main) \u2013 With an area of over 650,000 square meters, the Matrix portfolio includes 33 retail logistics properties at prime locations in most major German cities, including Berlin, Dortmund, Nuremberg, Hamburg, Hanover, Cologne, Dresden, and Leipzig. The portfolio will be fully managed by P3. The acquisition is expected to be completed in the fourth quarter of 2020, subject to the usual closing conditions and required regulatory approvals.<strong style=\"font-family: Raleway, sans-serif;font-size: 16px;letter-spacing: 0px\">Acquisitions within twelve months<\/strong>This acquisition comes just twelve months after the acquisition of the Maximus portfolio, which included 28 properties in key logistics centers across Europe.<strong style=\"font-family: Raleway, sans-serif;font-size: 16px;letter-spacing: 0px\">Lee Kok Sun, Chief Investment Officer Real Estate, GIC:<\/strong>&#8220;We are pleased to acquire this extensive portfolio of high-quality, well-located assets in Europe&#8217;s largest logistics market. This move strengthens P3&#8217;s presence in strategically significant urban locations, further expands the P3 platform, and solidifies the company&#8217;s position as a leading developer and manager of logistics properties in Europe. The logistics market remains an important business area for GIC. We expect the sector \u2013 supported by growing demand in online retail \u2013 to withstand the uncertain economic climate and generate solid returns in the long term.&#8221;<\/p>\n<h5><strong style=\"font-family: Raleway, sans-serif;font-size: 16px;letter-spacing: 0px\">S\u00f6nke Kewitz, Managing Director P3 Logistic Parks Germany:<\/strong><\/h5>\n<p>&#8220;P3 is currently focusing heavily on expanding its business in Germany. In less than twelve months, we have doubled our German portfolio. The Matrix portfolio is excellently located at prime, urban sites and demonstrates our forward-looking approach. In our two German branches, we have the necessary expertise and resources to optimally manage and further develop the new assets.&#8221;<\/p>\n<h5><strong>About GIC<\/strong><\/h5>\n<p><span style=\"font-size: 14px;font-family: 'PT Serif', serif\">GIC is a leading global investment firm established in 1981 with the aim of managing Singapore&#8217;s foreign reserves and securing the financial future of the state. As a long-term investor, GIC is well-positioned for investments across a variety of asset classes, including real estate, private equity, equities, and bonds. GIC invests in over 40 countries, including emerging markets for more than two decades. GIC is headquartered in Singapore and employs over 1,700 staff in 10 offices in major financial cities around the world.<\/span><\/p>\n<h5><strong>About P3<\/strong><\/h5>\n<p>P3 is a long-term owner and developer of European logistics properties with more than 6 million square meters of lettable space and a substantial land bank for further developments. For 20 years, the company has been investing in European markets and is now active in twelve countries. Headquartered in Prague, P3 employs more than 160 staff in nine offices in key European cities and supports clients from various industries from site selection to permitting, procurement, and construction of logistics properties to property management. P3 is wholly owned by GIC (Government of Singapore Investment Corporation). For more information about P3, visit www.p3parks.com<br \/>Approximately 90 kilometers of rail infrastructure is available.<a href=\"https:\/\/www.p3parks.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.p3parks.com<\/a>\u00a0 <a href=\"https:\/\/www.gic.com.sg\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.gic.com.sg<\/a><br \/>Image: P3 Logistic Parks Group<\/p>\n","protected":false},"excerpt":{"rendered":"<p>P3 Logistic Parks, a long-term owner and developer of European logistics properties and owned by GIC, Singapore&#8217;s sovereign wealth fund, is acquiring a substantial portfolio (&#8216;Matrix&#8217;)<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1557,1560,1561],"tags":[],"class_list":["post-20904","post","type-post","status-publish","format-standard","hentry","category-forwarding-logistics","category-intralogistics","category-regions"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GIC Expands P3 Logistic Parks&#039; 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