News

PointPark Properties Poland (P3) an asset manager and developer of distribution facilities across Europe, is pleased to announce that it has signed an agreement with JMD for a lease extension of PointPark Mszczonow.JMD now occupies in excess of 40,000 sq m of space in a dedicated facility.

JMD is the owner of Poland's largest chain of retail stores, part of the Portuguese Jeronimo Martins Group. As part of JMD’s expansion in Mszczonow, the company has leased 40,000 sq m of warehouse, office and parking space in PointPark Mszczonow, which reinforces their confidence in the Park and confirms the added value that the Park offers to its tenants.

Located 45 kilometers from Warsaw by the dual carriageway road E67, PointPark Mszczonow is one of the largest logistic centers in Central and Eastern Europe. Currently, it includes 96,000 sq m of A-class warehouse space, and there is a potential for the development of a further 213,136 sq m. The Park also benefits from the new route 50 by-pass which provides excellent access to the E67 highway and future A2. The Park provides over 96,000 m2 of space and is leased to a number of international tenants.

“This is the second deal that P3 and JMD have completed since P3 has taken over the Park in Mszczonow in December 2008. PointPark Mszczonow is a superior location for companies like JMD, well placed to support efficient servicing of store networks across Poland .. New bypass, which is under construction strengths further the strategic location of the Park. We are glad that JMD has decided to continue the cooperation with P3 by signing one of the most significant market transactions in 2009. ”–comments Craig Maguire, Managing Director of P3 Poland.

Julio Duarte, Regional Operations Director in JMD, comments: “We are very pleased to extend our cooperation with P3. PointPark Mszczonow is an excellent choice as regards logistic efficiency. It gives us the opportunity to optimize our processes because of its superior location, modern solutions and good access to our retail locations”.

Currently, there are three tenants in PointPark Mszczonow leasing a total of 39,000 sqm of warehouse & office space, with a further 57,000 m2 for immediate lease.