Long-term, pan-European warehouse developer-investor P3 has appointed Sonke Kewitz as Managing Director of its business in Germany. Kewitz takes the helm at P3 Germany in November and will work with the German team to manage the continued growth of P3’s German portfolio. Kewitz has significant experience in the sector having held top positions at Ixocon GmbH and Garbe Logistic AG. Most recently, he successfully led Panattoni as Managing Partner.
P3 currently operates 10 logistics parks in Germany. Over the next three years, P3 plans to more than double the size of its portfolio in Germany. The German estate currently comprises 320,000m² and it is anticipated that this will grow by up to 450,000m² with further potential projects in the pipeline.
Ian Worboys, P3's Chief Executive Officer, said: "We are glad that we can put our strong growth plans in such an important logistics location as Germany into experienced hands. Sonke convinced us that he was the right person for the job, not only with his substantial expertise but also with his reputation in the market. We look forward to working with him to expand our real estate portfolio as well as our German team."