P3 Logistic Parks reported record strong growth over the past 12 months, driven, in part, by a boom in online demand, which has fueled the need for strategically located warehouses in Europe. P3’s customer base has grown by 20 percent, with customer retail share surpassing 30 percent for the first time in the warehouse developer’s history. Throughout 2018, the company’s portfolio grew by almost half a million sqm, offset by the strategic disposal of 250,000 sqm of non-core assets. This includes construction starts and a development pipeline exceeding 1.2 million sqm of committed BTS and speculative development projects. Its portfolio’s occupancy rate remains above 95 percent.
