MLP Group increases its warehouse potential

In the first half of the year, MLP Group has signed 11 contracts for a total of 97,800 sqm of warehouse space, which is equivalent to the amount of space leased by the company in the entire previous year.

“In just six months, we matched the previous year’s leases, which, as we have previously announced, was our minimum target for the entire year. We are now certain to significantly exceed the target. We have already started expanding into Germany and Romania, developing our existing parks and planning further projects. This provides us with tremendous potential for further growth, and at the same time increases the value of the Group,” says Agnieszka Góźdź, Head of Leasing Department, MLP Group.

In the first half of the year, 52,500 sqm of warehouse space was leased by new clients in newly developed facilities. Other transactions totalling 45,300 sqm were in large part made up of lease extensions made by existing clients, including increases in the amount of leased space.

Most of the newly constructed space was leased by the Żabka retail chain, which will take up 24,700 sqm in MLP Gliwice. 13,300 sqm of warehouse space in the MLP Pruszków II logistics park was leased by Avery Dennison, a supplier of labels and self-adhesive materials.

By the end of the first half of the year, MLP Group was leasing 326,000 sqm of warehouse and office space, with a vacancy rate of less than 1 per cent. At the same time, nearly 97,100 sqm of space was still under construction.

The Group currently manages eight logistics parks in Poland: MLP Pruszków I, MLP Pruszków II, MLP Poznań, MLP Lublin, MLP Teresin, MLP Wrocław, MLP Czeladź and MLP Gliwice. Under a development agreement, the Group is also responsible for leasing the MLP Bieruń logistics park, which was sold in 2015. Additionally, the Group owns plots and has signed reservation agreements for the purchase of new land where new logistics parks will be constructed. This adds up to a total of thirteen logistics parks in Europe in the portfolio of properties managed by MLP Group.

Tomasz Mika