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Tim Beaudin appointed CEO of P3 Logistic Parks

Tim Beaudin, CEO P3

P3 Logistic Parks (“P3”) 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.

Tim Beaudin, P3 CEO, said, “I’m excited to get involved in my new role at P3. I’ve spent 18 months getting to know the business and I’m acutely aware of our strengths given the current encouraging state of the warehouse market. I expect eCommerce to remain a driving factor in our sector and we will continue to pursue development and spec opportunities across our European portfolio. My role is really pretty straightforward; support the P3 leadership team on their market expansion plans and ensure the company is well-positioned for future growth.”

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 Mr. Beaudin. Both Mr. Saporito and Mr. Marquina retain their existing country duties, Italy and Spain.

The change in Leadership will not affect the fundamentals of P3’s growth strategy, which were successfully established over recent years. P3 remains focused on being a long-term, owner-developer of warehouse properties in Europe with unparalleled access to patient, stable capital, wholly-owned by GIC, Singapore’s Sovereign Wealth Fund. Since its acquisition by GIC in December 2016, P3 has grown its portfolio to 4.3 million m² of prime warehouse property, with available development land of more than 1.1 million m². Within the organization, P3 has grown to more than 150 real estate experts in 11 European countries.

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