Eika Asset Management begins Nowy Modlin logistics park with Bricomarché

Eika Asset Management (EAM), the investment management arm of the Eika Group, has launched construction on a new logistics park in Nowy Modlin, located in the North Warsaw region. The first phase of the development will deliver approximately 28,000 sqm of modern A-class warehouse space, of which nearly 60% has already been pre-leased. The anchor tenant for the initial phase is Bricomarché, one of Poland’s leading home and garden retail chains, represented by SQM Advisory. The project is being developed by Waimea Holding, with Kajima Poland appointed as the general contractor.

The Nowy Modlin investment reflects EAM’s broader strategy to expand its presence in Poland’s logistics market, one of the most resilient in Europe. The first phase is set for completion in November 2025, and a second phase will follow, adding an additional 10,000 sqm of logistics space. The full development plan covers more than 117,000 sqm of warehouse and production facilities on a 23-hectare site, designed to support regional economic growth and offer tenants efficient, scalable infrastructure.

Paulius Stulgaitis, Head of Investments at Eika Asset Management, stated that the investment in Nowy Modlin aligns with the company’s long-term strategy of targeting locations that combine strong transport links, tenant demand, and the ability to meet evolving technical standards. He noted that the park exemplifies how strategic positioning and reliable partnerships can deliver lasting value to investors, tenants, and local communities.

Artur Filipiuk, Managing Director at Waimea Holding, highlighted that the project offers competitive leasing terms while meeting high technical and environmental standards. He emphasized the development team’s focus on delivering modern logistics space that meets the current and future operational needs of tenants.

Bricomarché, which operates nearly 220 stores across Poland, will serve as the key tenant for the first phase. Katarzyna Jańczak-Stefanide, General Manager of Bricomarché Poland, said the selection of the Nowy Modlin site was based on its strategic location, access to road and public transport infrastructure, and the high standard of the facility, including its 12-meter storage height and sustainable features. She described the warehouse as a critical component of the Muszkieterowie Group’s continued expansion in Poland.

The development is being built to meet BREEAM Excellent certification standards. A range of sustainable technologies will be integrated into the facility, including a 150 kWp photovoltaic system with capacity for expansion, solar thermal collectors, LED lighting with DALI controls, and fast-charging stations for electric vehicles and bicycles. Additional green features include water retention and infiltration systems, irrigation using recycled water, and biodiverse landscaping with flower meadows. Employee-focused amenities will include dedicated cycling infrastructure, covered shelters, and self-service repair stations.

The location benefits from excellent transport connectivity, lying 5 kilometers from Warsaw-Modlin Airport, 6 kilometers from the S7 expressway, and 3 kilometers from Modlin railway station. Local authorities have also committed to improved public transport links, including electric bus service and a planned roundabout to enhance site accessibility via the national road network.

The project is backed by secured financing from a leading Polish bank. The lease agreement with Bricomarché was facilitated by SQM Advisory, while legal services for Eika Asset Management were provided by CMS Poland. Waimea Holding is managing both development and leasing, with Kajima Poland overseeing construction delivery.