• Four Parx lets 25,819 sqm of total usable space in multi-storey logistics and commercial property “Mach2” to furnishing company JYSK SE
• The first tenant found for the upper floor after complete leasing of ground floor space to aircraft manufacturer Airbus
• A further tenant for the remaining space has already been found

Dreieich-based project developer Four Parx GmbH, which specializes in innovative logistics and commercial properties, welcomes another tenant to its two-story “Mach2” logistics and commercial property in Hamburg-Wilhelmsburg. Following full occupancy of the lower floor by international aircraft manufacturer Airbus, JYSK SE, an international retailer of Scandinavian sleep and living products headquartered in Handewitt, Schleswig-Holstein, is moving into a total usable space of 25,819 sqm on the upper floor.

With two rental contracts, JYSK has secured a total of 21,603 sqm of warehouse space, 371 sqm of office space, and 2,384 sqm of mezzanine space, including 28 parking spaces, as well as 1,461 m2 of additional office space and 40 parking spaces in the outdoor and indoor areas. At the new location, the company will carry out warehousing, order picking, and the onward distribution of retail goods, in particular furniture from the home and garden segment but also textiles and decorative items. Specifically, this will involve checking and booking unloaded items from overseas containers, storing and picking goods on suitable loading equipment, and transporting the goods to the main facility as well as to the affiliated JYSK stores.

“The location of ‘Mach2’ with direct proximity to the Port of Hamburg is ideal for JYSK as a globally active trading company. By leasing the space in the commercial and logistics property, we are creating space for further growth in a dynamic region and expanding our warehouse capacity within Germany,” says Oliver Mumme, Director Logistics at JYSK.

Four Parx realized the lighthouse project “Mach2” together with the investment and asset manager AEW and the general contractor GSE Germany. It is intended as a signpost for dealing with increasingly scarce space and rising land prices in metropolitan areas and urban centers. With this project, Four Parx broke new ground in many ways, as no comparable reference projects existed before.

“After having let the first-floor space to Airbus, JYSK leasing the upper floor and two further binding reservations of the last vacant space on the upper floor, the property is 100 percent leased after a short period of time. This is a great success, which speaks for the increasing demand for innovative commercial and logistics space,” says Thomas Poulis-Leinberger, Executive Director, Head of Asset Management & Development Logistics Europe at AEW.

“We are very pleased to announce JYSK as another exciting tenant in Hamburg. The outstanding location and infrastructure offer optimal conditions for the company’s activities as well as further development. We would like to thank the new tenant and all parties involved in the project for the cooperative partnership,” says Oliver Schmitt, Managing Partner at Four Parx.

About JYSK

Scandinavian Sleeping & Living

JYSK is an international home furnishings company with Scandinavian roots that makes it easy to furnish any home or garden.

With more than 3,100 stores and web stores in 50 countries, JYSK always has a good offer and competent service nearby – no matter how customers want to shop.

Founder Lars Larsen opened his first store in Denmark in 1979. Today, JYSK employs more than 28,500 colleagues.

JYSK is part of the family-owned Lars Larsen Group, with total sales of EUR 5.255 billion in fiscal 2020/21. JYSK’s sales in fiscal 2020/21 were EUR 4.4 billion.

About FOUR PARX

Four Parx GmbH, based in Dreieich, specializes in the project development of commercial and logistics space. Four Parx designs and develops innovative and sustainable building and space concepts with a visionary focus on sustainability, new mobility solutions, alternative energy supply, digitalization, compact space planning, and high flexibility. 

Experienced real estate experts have joined forces in Four Parx GmbH: Project development expert Francisco J. Bähr, architects Oliver Schmitt and Jochen Geber, who specialize in commercial real estate, and real estate manager Marcus Jungheim. Four Parx looks back on over 28 years of experience in project development. With a team of over 30 employees, Four Parx is currently developing more than one million m2 of land for commercial and logistics properties in Germany.