PointPark Properties beat the market last year by increasing the amount of space it leased by 28 percent in 2012, compared to the year before. With the supply of new developments boosting demand for prime logistics facilities, this helped P3 increase its overall portfolio occupancy level by 3 percent to 87 percent at the end of 2012.
Ian Worboys, P3 CEO said: “These strong figures reflect the high quality assets in top locations that form the bulk of P3’s portfolio. Occupiers are looking to increase their requirements, or take back space that they vacated in the first few years of the recession. The lack of supply of prime properties in the development pipeline means they are confronted with limited choice.”
