Tokmanni – Expansion of the Mäntsälä Logistics Centre

We are advising the Finnish retailer Tokmanni in a construction project in Mäntsälä, Southern Finland, whereby a new warehouse will be constructed in the immediate vicinity of Tokmanni’s existing headquarters and logistics centre to support and supplement the company’s existing logistics centre. Once the warehouse building is completed in 2024, it will be sold to Logicenters and leased back to Tokmanni under a 20-year lease. Following the completion of the new warehouse, Tokmanni will also continue to use in full the existing logistics centre in Mäntsälä.

The planned warehouse, which measures approximately 55,000 square metres, will replace the warehouse space currently leased outside of the existing logistics centre. The overall value of the investment is estimated to come to approximately EUR 60 million. The new warehouse building and cooperation with Logicenters is in line with Tokmanni’s environmental and sustainability goals, and the company seeks to apply for a BREEAM rating of ‘Very Good’ for the new warehouse building.