GIC-owned P3 Logistic Parks has struck its first deal in the UK, buying two logistics assets in Northamptonshire from SEGRO.
The company has teamed up with investment manager Roebuck to buy a 390,000 sq ft warehouse at G Park in Crick and a 484,000 sq ft warehouse in Kettering.
Frank Pörschke, chief executive at P3 Logistic Parks, said: “The acquisition of these two logistics assets in the UK marks a significant milestone for P3, as it expands our operations into a key market known for its robust logistics industry. The country has always been a vital hub for international trade and commerce, and we are excited to offer our expertise and resources to meet the evolving needs of businesses operating in this region.”
P3 was advised by Colliers; DTRE and ACRE acted for SEGRO.
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