P3 acquires Bavarian logistics property from VIB Vermögen

European logistics property company P3 has purchased a modern and sustainable logistics facility in Schwarzenbruck, Bavaria, from commercial real estate company VIB Vermögen for an undisclosed price.

Schwarzenbruck logistics property

The property on Bundesstraße 8, situated on a 67,475 m² plot, offers 30,858 m² of rentable space and is well-connected to major highways (A9, A3, and A6), providing easy access to Munich, Regensburg, Frankfurt, Prague, and Stuttgart. 
Located in a high-demand area with limited land availability, this acquisition positions P3 in the strategically important Nuremberg region, a leading economic center in northern Bavaria.
Constructed in 2018, the fully-leased facility boasts sustainable features, including a photovoltaic system, and is currently operated by a single tenant.
Sönke Kewitz, managing director of P3 Germany, said: "The acquisition of this modern logistics property in Schwarzenbruck represents another important step in expanding our presence in Bavaria. Its strategic location and sustainable features make it an ideal fit for our long-term investment strategy."
Dirk Oehme, spokesperson of the Management Board of VIB Vermögen, added: "With this sale, we are taking advantage of an attractive opportunity to further advance VIB's diversification strategy and realignment, and to consistently develop our portfolio. We are thus continuing VIB's transformation into a well-balanced portfolio holder of commercial real estate with a focus on logistics and offices in Germany and neighbouring countries."
P3 intends to retain the property as a long-term investment and improve its sustainable features. DLA Piper provided legal advice and TA Europe conducted the technical due diligence for the transaction.