P3 to deliver 20,000 sqm next generation German distribution centre for Peugeot Citroen – EuropaProperty

Pan-European logistic real estate owner P3 has broken ground on a 20,000 sqm Build-to-Suit (BTS) automotive parts distribution centre at Niedersachsenpark in Neuenkirchen, north west Germany for Peugeot Citroen Deutschland GmbH.

This will be P3’s first “next generation” development in western Europe, designed and constructed to the highest environmental standards to ensure energy and operational cost savings. The new building will take P3’s German portfolio – which also includes eight standing warehouse assets – to 307,791 sqm. The facility will become Peugeot Citroen’s central hub for handling spare parts distribution across Germany and into other EU countries.

The project will be called P3 Niedersachsenpark and will increase the total size of P3’s pan-European portfolio to over 3 million sqm for the first time.

A 4 ha site on the park has been identified for the building, which will provide 17,000 sqm of warehousing plus 1,053 sqm office space and a 2,098 sqm mezzanine area, allowing room for future expansion. The building is due for completion in April 2016.

P3’s new MD for Germany Jürgen Diehl said:“This building marks our commitment to Germany and western Europe, where we intend to continue to grow our existing portfolio through further development, providing our customers with BTS solutions tailored for their specific needs. We have worked closely with Peugeot Citroen to develop premises perfect for its operation that not only meets the company’s needs today but which also could easily be adapted to changing demands in the future. The park’s excellent strategic location will also be invaluable for their cross-border business.“