Norton Rose Fulbright is advising P3 Logistic Parks on the leasing of its newly built logistics park in Horb am Neckar to Mercedes Benz.
The property comprises four halls with a rental area of around 33,600 m² including around 1,060 m² office space. The lease has a term of ten years. P3 acquired the 6.5-hectare project site at Liststraße 5 in 2018. Last year, the existing buildings were dismantled and the new logistics center developed. P3 is a long-term owner and developer of logistics real estate in Europe.
The Frankfurt-based Norton Rose Fulbright real estate team was led by counsel Michael Mehler and included partner Dr. Hendrik Theismann and associate Daniela Kowalsky.