P3, the specialist owner, developer and manager of European logistics properties, has appointed Blake Horsley as Country Head for Romania. He will oversee the company’s continuing expansion in Romania, a market that P3 believes has great potential due to its growing importance in Europe’s manufacturing supply chain. Horsley has been based in Romania for the last eight years.
Horsley, 31, has 12 years of experience in real estate, with a background in investment, transactions and private equity as well as people and project management. He started his career in his native country, New Zealand. At just 23 years old, he became Colliers International’s the youngest ever manager when he was appointed manager of the Metropolitan Sales & Leasing Teams in Wellington. From 2008 to 2013, he led Colliers International Romania investment team as the Director of Capital Markets. Since 2013, Horsley has been the Vice President and Head of Acquisitions for Benevo Capital Corporation in Romania, where he will remain as a member of the board.
Peter Bečár, P3’s Managing Director for CEE, said: “We are delighted that Blake has joined the P3 team in Romania. With his extensive experience in real estate, especially in the investment area, and his managerial skills, he is the perfect addition to our team. We believe his strong expertise in the asset management, construction and logistic markets will help us to further expand our activities in Romania, where we have currently been running several developments in P3 Bucharest.”
Horsley, Country Head Romania, said: “I am very happy to be joining the P3 team at such an exciting time for the business. I am looking forward to be working with the knowledgeable team here in Romania and to continue to grow P3’s excellent platform that has been established by this team over the past 12 months. ”
P3, which is active in 12 countries across Europe, established a presence in Romania five years ago and is currently expanding its operations in the country.
The company has recently started work on its first Build-To-Suit developments at its P3 Bucharest park since it purchased it at the beginning of 2015. The project is part of a deal to establish an 81,000 m2 logistics hub at the park for leading European retailer Carrefour. The two new buildings will bring P3’s total portfolio in Romania, which already includes eight warehouses, to circa 270,000 m2. Strategically located approximately 13 km west of Bucharest city centre, P3 Bucharest has the potential to provide around 114,000 m2 of new space in units ranging from 4,000 m2 to 40,000 m2.