P3 Logistic Parks (P3), the investor-developer of European warehouse properties, announced the appointment of Frank Pörschke as its new CEO, with effect from 1 April 2021. Tim Beaudin, CEO since 2019 and previously Board Chairman, is stepping down as part of a planned leadership transition. 

Frank Pörschke currently holds several board positions at European real estate investment firms and fund managers. Frank’s previous roles include President, EMEA Markets, at JLL; CEO of Eurohypo, and CEO of Commerz Real. His background in European real estate, acquisitions and financing, combined with his extensive leadership experience, will position P3 for further growth and excellence in the highly competitive European logistics market.

Frank Pörschke, incoming CEO of P3 Logistic Parks, comments: “P3 is extremely well positioned in a highly attractive market segment. I am excited to partner the excellent P3 senior management team and take the company to its next stage of growth.”