Panattoni sells two German logistics parks to P3

Logistics property developer Panattoni has sold two fully-leased logistics properties in Essen and Wörrstadt, Germany to P3.

Panattoni Park Frankfurt Süd

The Panattoni Park Essen (Rhine-Ruhr), a 20,200 m² logistics facility on a redeveloped brownfield site, has been occupied by online retailer Euziel since 2021. The site offers excellent multi-modal connections, benefiting from its proximity to the Essen and Duisburg harbours and major motorways.

The Panattoni Park Frankfurt Süd in Wörrstadt, near Frankfurt am Main, comprises 18,160 m² of logistics space and is strategically located in the Rhein-Main region. Since its completion in 2021, it has served as a hub for Hellmann Worldwide Logistics, which utilises the property for contract-based logistics services. Its convenient access to Frankfurt Airport and international transport corridors makes it ideal for national and international distribution.

Both properties boast sustainable features, including DGNB Gold certification, advanced building management systems, efficient HVAC, LED lighting, and soon-to-be-installed photovoltaic systems.

Fred-Markus Bohne, managing partner at Panattoni DACH and Nordics, commented: “The projects in Essen and Wörrstadt make it clear what kind of contribution a high-quality commercial development can make for companies and the surrounding regions,” says  “Both sites unite excellent transport connections with a strong demand in the user environment–crucial factors for long-term stability and value creation.”

Sönke Kewitz, managing director of P3 Germany, said: “With these two acquisitions, we are strengthening our presence in two of Germany’s most important logistics markets. Both locations impress with their excellent infrastructure connections and proximity to major economic centres. The modern, sustainably certified properties perfectly align with our strategy of investing long-term in first-class assets in prime markets.”

Sebastian Kokich, investment manager at P3 Germany, commented: “We are acquiring two assets with modern ESG standards, first-class tenants, and medium- to long-term leases in markets with structurally strong demand. This acquisition fits perfectly into our acquisition strategy and also complements our existing portfolio.”

CBRE, White & Case, TA Europe and TRC advised on the deal.