As at the end of December 2016, MLP Group, developer of modern warehousing space, had assets at PLN 1.18 billion, and net asset (equity) at PLN 675.7 million, up 4.4% from last year, and taking into account the dividend paid, the growth was as much as 10.8%. In the entire year the Group earned PLN 66.4 million in net profit. Its consolidated revenues reached PLN 101 million. “The Group’s results are very good. At the same time, the current property and financial standing show our stable situation following from an established position in the warehousing market. Putting aside the results of the sold parks: MLP Bieruń and MLP Tychy, our Group’s revenues in 2016 were 10% higher than the year before” – emphasized Radosław T. Krochta, President of the Management Board of MLP Group S.A.
In 2016, MLP Group was executing investment projects for the total area of 105.9 thous. sqm, out of which construction of 29,5 thous. sqm was completed. Last year, MLP Group purchased land for development of a new logistics park MLP Czeladź and started execution of new investment projects in the following parks: MLP Pruszków II, MLP Wrocław, MLP Lublin and MLP Poznań. At the end of 2016, the Group had 306.4 thousands of thous. sqm built, of which 290.9 thous. sqm were leased. This means that the vacancy rate was at 5%. At the same time, over 94.6 thous. sqm of space was under construction and preparation, of which 85% has already been leased.
The Group’s strategic objective is to constantly increase the warehouse space held in the Polish market through expansion of the land bank for further logistics parks and commence operations abroad. “This year we are planning further investments in Poland and in Germany, in the Dortmund area, and in Romania, in the Bucharest area. We are analyzing land purchase offers in these countries. We are considering the possibility of launching a corporate bond issue program for the purchase of real estate in Germany and Romania” – added Radosław T. Krochta.
Currently, the Group operates 8 logistics parks in Poland: MLP Pruszków I, MLP Pruszków II, MLP Poznań, MLP Lublin, MLP Teresin, MLP Wrocław, MLP Czeladź and MLP Gliwice. Based on the development agreement, the Group is responsible also for commercialization of the MLP Bieruń logistics park, sold in 2015. In addition, the Group has reservation agreements for purchase of new land for the planned logistics parks. As a result, the current and potential real estate portfolio managed by the MLP Group comprises in total 11 operating logistics parks located in Poland.
