MLP Business Park Berlin fully taken up by tenants

MLP Business Park Berlin fully taken up by tenants
The last of the four buildings now under construction at MLP Business Park Berlin has been fully leased out. Its target space of 5,800 sqm will be occupied by four tenants. The final project completion and delivery of the finished building are scheduled for this December. As a result, the entire park (with a total leasable area of 18,000 sqm), being MLP Group’s first Urban/City Logistics project, has achieved an occupancy rate of 100%.

MLP Group, one of the leading developers on the European warehouse property market, has fully commercialised its speculative project MLP Business Park Berlin. This was achieved ahead of practical completion of the last of the park’s buildings.

Four new tenants

After the first three buildings were completed and tenants moved in, leases have now been signed for the entire space offered in the fourth building, still under construction. Its 5,800 sqm of modern space will be occupied by four tenants. Joining the diverse tenant mix are: the Natural History Museum of Berlin, Dassbach Küchen, a manufacturer of kitchen equipment, the event company STL, and logistics service provider Girr Logistik.

For urban logistics

MLP Business Park Berlin is MLP Group’s first Urban Logistics project. Consisting of four buildings with a total area of 18,000 sqm, it is situated on an approximately 5 ha land plot in close proximity to the centre of Berlin. Occupants will have access to modules of at least 750 sqm each, which can be flexibly subdivided and customised to suit their specific needs. The height of the buildings is 8 m. With a prime location and access links to the B101 road, the Berliner Ring (A10) and the Berlin Brandenburg Airport, which is just a 30-minute drive away, the business park is attractive to tenants across various lines of business, including light manufacturing, retail and services.

“Full occupancy of MLP Business Park Berlin ahead of practical completion is a huge success for us. The objective of providing occupants from various sectors, especially small and medium-sized enterprises, with as much as space as they need in an excellent location has been achieved. We welcome the four new tenants, wishing them a successful future at MLP Business Park,” said Andreas R.W. Wahlen, Manager – Business Development & Acquisitions at MLP Group.

Protection of nature

In terms of sustainable and energy-efficient development, MLP Group will seek to have the building certified as DGNB Gold. The innovative concept includes a solar PV system for low-carbon energy supply, as well as a large number of EV charging points. Since the business park is located on a greenfield site, the developer – as part of its nature and species protection efforts – has made arrangements to protect lizards living in the surrounding area, set up nestboxes and reptile habitats.

“As a property developer, we are strongly committed to delivering projects in a sustainable manner. In addition to the use of state-of-the-art technologies, a key focus in the case of the Berlin project is on economical use of space and land. This is why we are happy to have developed an innovative concept that delivers on our environmental and social commitments,” stressed Andreas M. Bertsch, Senior Technical Project Manager at MLP Group.

Project nearing completion

The foundation stone laying ceremony was held in January 2020, and the first units were delivered to occupants in June 2021. In December 2021, MLP Group commenced the construction of the last – fourth building, scheduled for completion in December this year.

Funding for the final phase of the project was provided by Bayerische Landesbank (BayernLB). Finding tenants and securing leases was the responsibility of the real estate services firms CBRE Deutschland and Jones Lang LaSalle.

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