P3 Logistics Parks announces the appointment of Tim Beaudin as CEO. Previously, Beaudin served as P3 Chairman of the Board since March 2018. He is replaced as P3 Chairman by Goh Kok Huat, former Chief Operating Officer of GIC, effective 1 October 2019. Beaudin takes the reins of P3, a developer and investor of warehouse property active in Europe for almost two decades, to build on the company’s success and support the P3 leadership team on growth plans.

P3 also announces the internal promotion of Jean-Luc Saporito and David Marquina to the role of co-Chief Development Officer (CDO). In their new role, they will drive development of the business across Europe, supporting Beaudin. Both Saporito and Marquina retain their existing country duties, Italy and Spain.

Since its acquisition by GIC in December 2016, P3 has grown its portfolio to 4.3 million sqm of prime warehouse property, with available development land of more than 1.1 million sqm. Within the organization, P3 has grown to more than 150 real estate experts in 11 European countries.