Newport Logistics Fund III adds Park Karlsruhe as sixth project
Newport Logistics Fund III has added Park Karlsruhe to its portfolio, marking the fund’s sixth project and its second German investment.
Located in the Karlsruhe region, close to the French border, the project strengthens Fund III’s exposure to Germany, one of Europe’s deepest logistics and industrial real estate markets.
Park Karlsruhe will comprise approximately 33,200 sqm of logistics space across four units ranging from around 4,000 sqm to 10,500 sqm. The format is designed to support a broad occupier base, including light industrial, e-commerce, automotive, pharmaceutical and food logistics users.
The investment rationale is based on access to a major European logistics market, a strong regional economy, A5 motorway connectivity and proximity to Western European supply chains. The location provides access to both domestic German demand and cross-border distribution routes.
According to Newport’s Q1 2026 European Logistics Market Overview, Germany recorded approximately 6.1 million sqm of logistics take-up in 2025, while pre-letting activity remained relatively strong at around 65–75%. This points to continued occupier interest in modern, high-quality logistics space.
Park Karlsruhe is designed with a focus on operational efficiency and building performance. The project includes fossil fuel-free heating, smart metering, rainwater use, e-mobility infrastructure and biodiversity measures. The development is targeting DGNB Gold certification.
Construction is scheduled to start in Q3 2026, with completion planned for Q3 2027.
Key highlights
Fund III progress: sixth project in Newport Logistics Fund III.
German market exposure: second German investment in the Fund III portfolio.
Asset profile: approximately 33,200 sqm flexible logistics park in the Karlsruhe region, targeting DGNB Gold certification.
Leroy Merlin BTS asset completed near Malaga, Spain
The close to 25,000 sqm build-to-suit logistics asset in Antequera, Andalusia, has been handed over to Leroy Merlin. The facility was designed around the retailer’s logistics requirements in southern Spain and reflects demand from an established European home improvement and DIY operator.
For Newport by Panattoni, the completion represents an important delivery step within Newport Logistics Fund II. It is an occupier-led asset with a defined tenant requirement, long-term occupier commitment and reduced speculative leasing exposure.
The project is the fifth of seven assets within Newport Logistics Fund II to reach completion, further demonstrating execution progress across the Fund II portfolio.
The asset is located in Antequera Business Park, with direct access to the A-45 motorway and proximity to Malaga, Malaga Airport and the Antequera Dry Port. The location forms part of Andalusia’s wider logistics network, with access to Mediterranean and Atlantic corridors supporting Southern Spain’s role as a gateway between Europe, North Africa and wider global trade routes, including the Americas and Asia.
The facility includes PV installation, EV charging, LED lighting, A-rated office space and is targeting BREEAM Excellent. It reflects Newport’s focus on accessing occupier-led logistics assets in strategic European locations, with the quality standards expected by institutional capital.
Key highlights
Asset: close to 25,000 sqm BTS logistics facility in Antequera, Andalusia
Occupier: Leroy Merlin, a leading European home improvement and DIY retailer
Fund progress: fifth of seven projects within Newport Logistics Fund II to reach completion
Location: Antequera Business Park, with access to Malaga, the A-45 motorway and the Antequera Dry Port
Investment profile: occupier-led logistics asset aligned with institutional buyer expectations
Newport expands Fund III with its fifth project: Panattoni Wakefield 500 in the UK
Newport by Panattoni has added Panattoni Wakefield 500 to Newport Logistics Fund III, marking the fund’s fifth project and Newport’s fourth UK investment.
The project will comprise an approx. 500,000 sq ft single cross-docked logistics and warehousing asset on a 23-acre site at Wakefield Europort, West Yorkshire. Construction is scheduled to start in Q2 2026.
For Newport Logistics Fund III, Wakefield 500 strengthens exposure to the UK logistics market and marks a move from mid-box to big-box logistics. The project combines scale, motorway connectivity, intermodal potential and long-term occupier relevance in a proven UK logistics location.
Wakefield Europort provides direct access to the M62, with links to the M1 and A1(M), supporting distribution across the North, the Midlands and wider UK markets. The location also benefits from intermodal rail freight infrastructure, adding flexibility for occupiers focused on supply-chain efficiency and lower-carbon logistics options.
The development is targeting BREEAM Outstanding and net zero carbon in construction. It gives Fund III selected exposure to large-format logistics development in the UK market, supported by Panattoni UK’s sourcing and delivery capability.
Key highlights
Asset: approx. 500,000 sq ft single cross-docked logistics and warehousing facility
Location: Wakefield Europort, West Yorkshire, with access to the M62, M1 and A1(M)
Investment profile: fifth Fund III project and Newport’s fourth UK investment, expanding Fund III’s exposure into UK big-box logistics
Building performance: targeting BREEAM Outstanding and net zero carbon in construction
New investment: Panattoni Park Poznań Nagel
Newport is adding Panattoni Park Poznań Nagel, a 46,000 sqm build-to-suit logistics asset developed for Nagel-Group, one of Europe’s leading food logistics providers.
The project is located in Poznań, Poland, on the A2 corridor, one of the country’s key east-west logistics routes connecting the German border with Warsaw and wider CEE distribution networks. The asset combines long-term occupier commitment with exposure to food logistics and cold chain, sectors supported by demand for reliable and well-connected distribution infrastructure.
The facility is planned to achieve BREEAM Excellent certification. Its building performance profile will include heat recovery from the cooling system and biological wastewater treatment, supporting the long-term quality and sustainability profile expected from modern logistics real estate.
The investment reflects the type of asset Newport targets through Logistics Fund III: supported by occupier demand, strong location fundamentals and asset quality standards expected by institutional buyers of modern logistics real estate.
