MLP Group’s target warehousing space is nearly 1,2 million square meters

As at the end of September 2016, the MLP Group, a developer of modern warehousing space, reported its net asset value (equity) at PLN 630.6 million. In Q1-Q3 2016, the Group earned a net profit of PLN 22.7 million. Its consolidated revenues reached PLN 67.0 million. In this period, the Group signed lease agreements for a total of 19,600 square meters, as a result of which in the first 9 months of the year its total leased space increased to 333,400 square meters.

“In recent weeks, we significantly intensified our efforts and signed a number of large lease agreements with more being currently negotiated. We also have 3 more logistics parks in the pipeline: in Czeladź, near Poznań and in the vicinity of Łódź. The effects of these efforts will be reflected in our results of the coming periods,” says Radosław T. Krochta.

Currently, the property portfolio of the MLP Group includes 7 logistics parks located in Poland: MLP Pruszków I, MLP Pruszków II, MLP Poznań, MLP Lublin, MLP Wrocław, MLP Gliwice and MLP Teresin. The potential for development in these 7 parks is 904,900 square meters. The ratio of leased space to total space is 92%. Taking into account the three parks in Czeladź, Łódź and near Poznań, the target surface of the MLP Group’s 10 logistics parks is nearly 1.2 million square meters.