The EUR2.4 billion deal is the largest European real estate transaction in 2016, P3 said in a statement Wednesday.
P3 holds the largest logistics park in Romania, P3 Bucharest, acquired from CA Immobilien Anlagen AG at the beginning of 2015.
With the support of its new shareholder and the EUR1.4 billion long-term refinancing contracted in October 2016, P3 is ready to launch new expansion plans which will include bringing forward the development of an existing land bank representing up to 1.4 million sqm of further development as well as acquiring new sites in the nine European countries in which it is already represented as well as entering new markets.