P3 Logistic Parks CEO to step down

P3 Logistic Parks has begun the search for a new CEO as part of a planned leadership transition. 

Frank Pörschke

Current CEO Frank Pörschke will step down in the second half of 2026 after a structured handover process. 
Pörschke remains committed to leading the company and achieving its strategic goals until his departure. 
This transition reflects P3's focus on long-term planning and stability, and day-to-day operations will continue without disruption. The existing leadership team will remain in place and focused on delivering P3's objectives for the coming years.
Tay Lim Hock, chair of P3, said: “This is a proactive and planned process that reflects P3’s strong position and commitment to delivering customer and shareholder value. I am grateful that Frank has agreed to remain with the business while the Board undertakes a thorough and thoughtful process to select a successor who aligns with P3’s strategy, culture, and long-term goals.” 
Tracy Stroh, head of Real Estate, Europe, at GIC, added. “GIC is confident in the future of the P3 business. We continue to see favorable tailwinds in the logistics sector, which supports P3’s long-term strategic vision. The business remains well-positioned to drive sustainable growth and long-term value creation.”