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MLP doubles leases

Rafał Ostrowski 29 January 2018

Rafał Ostrowski

Journalist

+48 22 356 25 11
rafal.ostrowski@eurobuildcee.com

Rafał is a journalist at ‘Eurobuild CEE’. Previously he worked for Wydawnictwo Murator and for Shopping Centre Magazine, as well as for retailnet.pl. He has also written for many newspapers and magazines as a freelancer and published photo-reportages from his travels to Asia, where lived and worked for some time. Rafał graduated from the University of Warsaw in philosophy. He also completed postgraduate studies in text editing. He enjoys sailing, travelling and family life. For ‘Eurobuild CEE’ he specialises in eastern European markets and is responsible for the film direction of Eurobuild TV.

POLAND Warehouse developer MLP Group leased out over 221,800 sqm of space in 2017.

This is twice the level as the year before. Out of this, 90,200 sqm was leased in newly completed projects. The remaining leases from last year were mainly renewals (77,500 sqm), extensions (37,800 sqm) and leases of finished space to new tenants (16,300 sqm). In total, 32 leases were signed.

“This was another successful year for the MLP Group – we doubled the size of the space leased compared to the year before. This year we do not intend to slow down. We are thinking about two new investment projects in Poland. At the same time, we have huge growth potential in our existing parks. We also want to invest more in speculative buildings. Outside Poland, the German market is our priority. We will start building three parks there. They will be in Unna and Mönchengladbach in the Ruhr Area as well as a location in southern Germany. In Romania, in turn, we already have a construction permit and are planning to start construction in Q3 2018. These projects will further speed up the very rapid rise in the group’s value,” claimed Radosław T. Krochta, the president of MLP.

MLP’s current real estate portfolio consists of sixteen locations across Europe including eight logistics park in Poland: MLP Pruszków I, MLP Pruszków II, MLP Poznań, MLP Lublin, MLP Teresin, MLP Wrocław, MLP Czeladź and MLP Gliwice. At the end of last year, MLP Group had 460,000 sqm of completed warehouse and production space with a further 92,000 sqm under construction. At the same time MLP Group has land with construction permits to build a further 340,000 sqm.


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