MLP Group has many projects in preparation that it intends to launch in the coming periods, including: on the German market in Idstein and Gelsenkirchen, the purchase of further plots in Hesse and the North Rhine-Westphalia region, and on the domestic market in Zgorzelec, Poznań and Łódź, announced president Radosław T. Krochta.
“The German market is one of the most important and strategic directions of development for us. The situation beyond our western border is very good, which confirms the stable demand for new warehouse space. The country’s economy remains resistant to geopolitical risks. We will soon start the implementation of the second project near Berlin – MLP Spreenhagen and the construction of the first urban logistics and business project on the Austrian market – MLP Business Park Vienna. We have many further projects in preparation that we intend to launch in the coming periods, including: on the German market in Idstein and Gelsenkirchen, the purchase of further plots in Hesse and the North Rhine-Westphalia region, and on the domestic market in Zgorzelec, Poznań and Łódź,” said Krochta, quoted in the release.
MLP Group operates on the Polish, German, Austrian and Romanian markets. The group is currently developing 23 logistics parks.
“The strategic goal remains to expand the warehouse offer as part of the development of Big Box buildings and urban logistics projects. Since the beginning of this year, MLP Group has signed lease agreements for a total of approximately 175,000. m2. At the end of September this year The group had 1.07 million m2 of ready space. The vacancy rate was very low, 4%. Another nearly 91,000 were under construction and in preparation. m2, and the development potential on the owned land exceeds 1.8 million m2. The average duration of concluded lease agreements is 7 years and the retention rate reaches 100% – it was written in the announcement.
In Q1-Q3 2023, MLP Group’s operating revenues increased by 36% y/y to EUR 268.4 million.
The value of investment properties amounted to PLN 4.6 billion (+4% vs. December 31, 2022), EUR 992.7 million (+5% vs. December 31, 2022).
MLP Group is a developer, owner and manager of logistics and industrial parks and business parks intended for light industrial production, operating on the Polish, German, Austrian and Romanian markets. The company has been listed on the WSE since 2013. Its consolidated revenues reached PLN 279 million in 2022.