MIPIM Update: P3 preleases most of new warehouse scheme in Kamen

MIPIM Update: P3 preleases most of new warehouse scheme in Kamen

Published at: 2018-03-14 06:54 | Author: CIJEurope.com
The industrial property developer P3 has pre-let 37,300 sqm of warehouse space at its P3 Kamen park in the Ruhr region of Germany to a major local logistics company. Construction on the 43,500 sqm first phase got underway at the beginning of March and the recently announced deal means it is already 80 percent leased. The project is replacing outdated industrial buildings on the 24 hectare site where 120,000 of warehouse space is to be built. Jürgen Diehl, P3’s Managing Director in Germany said: "The Ruhr region is one of the most strategically important areas on the European logistics map. As a result, we were happy to progress with the development of the first phase of P3 Kamen on a speculative basis."

Similar Stories:

P3 buys land for new park south of Stuttgart in Germany
P3 Logistic Parks, the long-term pan European logistics real estate investor-developer, is  »
Delayed Jaguar plant in Nitra nears completion
Delays in the completion of Jaguar's new production plant in the Slovak town of Nitra  »
Amway renews lease at MLP Pruszków I
Amway Supply Chain Services affiliate Access Business Group has renewed its warehouse leas  »
Sanmina spends HUF 6.2bn on developments in Tatabánya
Sanmina-SCI Hungary Kft., a subsidiary of the the US electronics and telecom equipment man  »
What would a successful year be for Panattoni Europe in the Czech Republic? For us, we   »
Romania’s logistics sector is expanding hand in hand with growing consumption and purcha   »
Less Mess Storage opened its fourth Warsaw self storage facility (called ‘stores’, in   »
Having developed 2.71 million square meters of space between 2014 and 2016, Panattoni Euro   »