Converting industrial bakery into logistics centre
P3 has purchased a former industrial bakery on a 24,500 sqm plot of land in Pfungstadt, near Darmstadt (Germany). By Q1/2019, the property developer will have converted it into a modern, 12,500 sqm logistics platform named P3 Pfungstadt that will cater for the on-going strong demand in the Rhine-Main region. Demolition work will start in coming months.
P3 Pfungstadt - P3’s fifth platform in the Rhine-Main region - will boost the company’s offer in that part of Germany to more than 110,000 sqm. The area equates to around 33% of the entire logistics space that P3 operates at eleven locations across Germany.
Jürgen Diehl, P3’s MD Germany: “The Rhine-Main region is a hotspot in Germany’s logistics landscape. It is now virtually impossible to implement new building projects on greenfield sites there. As a redevelopment specialist, we replace old property with modern, sustainable logistics facilities without the need to seal off more surfaces.” (mw)