Logistics property developer P3 names new country head for Romania

Pardhan, who was recently appointed as acquisitions director for Romania, takes over from Blake Horsley, who has become P3’s new group development director, the company said in a press release.

In her new role, Pardhan will oversee the company’s continuing expansion in Romania, a market that P3 believes has great potential due to strong economic growth and increasing importance in Europe’s manufacturing supply chain.

"I am very excited to have the opportunity to lead P3’s highly professional and dedicated team as we increase the company’s presence in Romania through the ambitious and sustainable growth of our portfolio," Pardhan said.

P3 currently has a total of 318,000 sq m in 12 warehouses in Romania, and a further 51,000 sq m under construction, all at P3 Park in Bucharest. Located just 13 km from the city centre, the park is on the city ring road, which provides easy access to all six Bucharest districts, Henri Coanda International Airport and the A2 motorway. P3 has recently completed three new buildings at P3 Bucharest park and is also looking to expand in Bucharest as well as central and western parts of the country.

With extensive experience in investments, acquisitions and disposals, the new country head for Romania had previously spent nine years working at real estate consultancy Colliers.

In his new role of group development director, Horsley will oversee the company’s development program, which includes delivering new buildings on existing P3 parks as well as a number of new parks as P3 expands in the nine countries in which it is already represented and enters new territories.

Active throughout Europe, P3 has an asset base which comprises 182 warehouses totalling 3.8 million sq m across nine countries and a land bank for up to 1.8 million sq m of further development.