Successful Q1 2012 for P3 German team (DE)

PointPark Properties (P3) is building on its successes from the turn of the year. In Germany, the Netherlands and Spain, the P3 German team leased out more than 95,000 m² of warehouse space in the first quarter of 2012.

In Germany, P3 signed a two-year lease extension with NEX, the existing tenant at Bedburg Park. NEX leases the entire warehouse, amounting to 33,364 m². P3 secured another lease with Panopa, which took 1,125 m² at P3's Delta Forum Park.

The existing clients at Hallbergmoos Park, Barth Spedition (4,689 m²) and Emons Logistics (1,899 m²), extended their leases by three and two years respectively and DocData entered the Park as a new tenant, leasing 1,842 m² of warehouse space from May 1, 2012.

In the Netherlands, P3 has leased 2,755 m² of warehouse space at the Westpoint Park to a new client Teva Pharma.

In Spain, P3 secured a new lease with ND Logistics for 9,906 m² of warehouse space starting in May 2012. The company also occupies 12,235 m² at the Fontanar Park.

"With regard to leasing, I believe this will be one of the best quarters P3 has ever had in those countries. It really does show that P3 team can deliver to its clients even in tough markets and can act flexibly and professionally," says Ian Worboys, P3 CEO.

Source: DataConsult CZ s.r.o.

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