P3 acquires logistics property in Schwarzenbruck, Bavaria

P3, a European logistics real estate developer and long-term investor, has acquired a logistics facility in Schwarzenbruck, Bavaria, from VIB Vermögen AG.

The property covers a plot of 67,475 square metres, with a gross lettable area of 30,858 square metres. Located near the greater Nuremberg area, the site offers direct access to major transport routes, with the A9, A3, and A6 motorways all within a short driving distance. This region is considered one of Germany’s top ten real estate markets and serves as an economic hub in northern Bavaria.

Built in 2018, the logistics facility includes sustainability elements such as a photovoltaic system and is fully leased to a single tenant. The building’s location in a high-demand area with limited availability of permitted logistics space adds to its strategic value.

According to Sönke Kewitz, Managing Director of P3 Germany, the acquisition supports the company’s ongoing strategy to strengthen its presence in Bavaria and expand its portfolio of sustainable logistics properties.

Legal advisory for the transaction was provided by DLA Piper, with TA Europe conducting the technical due diligence. P3 intends to retain the asset long-term and continue improving its sustainability performance.