Luxembourg | 27 March 2023 – P3 Group S.àr.l (the “Company”) has announced record operational results and strong financials for full year 2022. The European investor and developer of warehouse properties increased Gross Asset Value (“GAV”) to €8.3b, only modestly impacted by a 2.3% valuation decline. Operationally, the Company’s portfolio grew to 7.6 million m² across 11 European countries, registering an all-time high occupancy rate of 98%. Despite continuing market volatility, the Company posted strong results supported by resilient industry growth dynamics, including favourable long-term supply and demand trends due to the continued retail shift to e-commerce and the re-organisation of customer supply chains. The Company’s GAV growth was driven by a prudently executed capital deployment programme aimed at growing the portfolio profitably via acquisition and development activities. (....)