Frankfurt am Main | May 6, 2024 – P3, a leading developer and long-term owner of logistics properties in Europe, has announced plans to develop a new logistics property on a 44,000 m2 site in Pfalzfeld, Rhineland-Palatinate. Strategically located on the key transportation axis between the cities of Frankfurt and Cologne, the asset will primarily target logistics service providers, wholesalers, and e-commerce companies. The project is scheduled for completion by the end of 2025.
The Pfalzfeld property will include two warehouses with a total floor area of 21,000 m², including 1,500 m² of mezzanine, and 850 m² of office space. In total, the rental space will be around 23,400 m², with the possibility of being divided into smaller units. The halls are characterized by a clear height of 12 meters, and feature 19 loading docks and two ground-level doors. Additionally, there are six truck and 57 car parking spaces.
Sönke Kewitz, Managing Director of P3 Germany, says: "The region is experiencing strong demand due to its ideal location between the key markets of Frankfurt and Cologne. P3 Pfalzfeld boasts direct access to the A61 motorway less than a kilometre away, and proximity to Frankfurt-Hahn cargo airport, 30 km away. We would like to express our gratitude to the community whose support was crucial for our success in acquiring the property."
Rainer Steeg, Mayor of Pfalzfeld, says: "The local community of Pfalzfeld is proud that a solid and dynamic company like P3 Logistic Parks is investing in Pfalzfeld, enhancing the attractiveness of the location and creating jobs locally. We thank them for this decision and will fully support the Pfalzfeld Logistics Center project so that it is a success story for all parties."
The property aims to achieve a BREEAM certification of 'Excellent' for sustainability, and will utilize environmentally-friendly technologies such as heat pumps, photovoltaic systems, LED lighting, and water-saving installations. Other sustainability features include motion sensors in high-traffic areas, smart metering systems, and electric car charging stations.
Immolox GmbH and Colliers International Deutschland GmbH are responsible for leasing the spaces. Goldbeck is in charge of constructing the project.
Marco Bayer, head of Goldbeck's Koblenz branch: "I am very pleased to have found such a highly professional and innovative partner in P3 for the joint development of this logistics center on this excellently located site. We are now looking forward to the upcoming implementation phase."
Picture Copyright: P3 Logistic Parks