P3 Logistic Parks, an established long-term investor, asset manager, and developer of logistics properties in Europe, has announced the appointment of Simon Carter as Chief Executive Officer. Mr Carter has already joined the company as CEO-designate and will fully assume operational leadership from 17 September 2026.
The current CEO, Frank Pörschke, is stepping down after almost six years in the role. During the transition phase, Mr Pörschke will support Mr Carter and the expanded leadership team of P3 Logistic Parks to ensure a smooth handover.
Recognition for Outgoing and New Leadership
Tay Lim Hock, Chairman of P3 Logistic Parks, expressed the board's pleasure at Simon Carter's appointment. He highlighted that they look forward to working with Mr Carter to build on P3's existing foundations and guide the company through a period of disciplined and sustainable growth. At the same time, Mr Hock thanked Frank Pörschke for his leadership and contribution over almost six years, during which P3 expanded its European platform and significantly strengthened its market position.
Simon Carter, the CEO-designate, emphasised the strength of P3 Logistic Parks. He described the company as fantastic, with an experienced team, a high-quality portfolio in relevant markets, and a clear long-term strategy. His immediate priorities include maintaining focus on customers and operational execution, as well as the disciplined realisation of the company's growth plans. Mr Carter expressed his excitement about collaborating with the board and colleagues at P3 to achieve the goal of becoming Europe's leading investor and developer of logistics real estate.
Background of the New CEO's Experience
Simon Carter brings extensive experience in real estate, finance, and strategy to P3 Logistic Parks. Prior to his move, he held senior leadership positions at renowned companies, including British Land, Logicor, and Quintain Estates & Development. These included the role of Chief Executive at British Land and Chief Financial Officer at Logicor.
- —He began his professional career at Arthur Andersen, where he qualified as a chartered accountant.
- —Subsequently, he worked in Fixed Income at UBS.
- —Mr Carter also served as President of the British Property Federation.
- —Previously, he held a position as a board member of Real Estate Balance.
This personnel change underscores P3 Logistic Parks' strategic focus on continuous growth and the consolidation of its position in the European logistics real estate market.
