News Article BNP Paribas financing logistics MLP warehouse
by Property Forum | Industrial

MLP Group has signed a new financing agreement with BNP Paribas Bank Polska S.A., whereby the Bank has committed over €19.7 million. The facility will be used to finance and partially refinance the MLP Czeladź project with a target leasable area of approximately 68,000 sqm. The Kycia Legal law firm advised on the transaction.

MLP Group has finalised a transaction with BNP Paribas Bank Polska S.A. The Bank has agreed to lend more than €19.7 million in accordance with the transaction terms. The transaction was executed through Kycia Legal, a firm of lawyers. The facility will be used to finance and partially refinance the MLP Czeladź project, a logistics park with a target development potential of more than 68,300 sqm of modern space, of which 38,000 sqm have already been delivered for occupancy. The current tenant mix includes SPAR, DS Smith and Italinox. 

“We are very pleased to have completed another significant financing deal with BNP Paribas. On behalf of MLP Group, I wish to thank the Bank, which is a leading financial institution in Poland, for treating us as a trusted partner. I hope that our business relationship continues to grow,” said Monika Dobosz, CFO at MLP Group S.A.

“We are happy to be able to again support MLP Group's expansion plans. We value our long-term relationship and are satisfied with the company’s efforts in integrating sustainability into its business. We thank them for their trust and look forward to our continued relationship,” said Marek Kowalski, Head of the Structured Finance and Real Estate Department at BNP Paribas.

“We were delighted with the opportunity to work with MLP Group and BNP Paribas Bank Polska S.A. on this project. It was another transaction between MLP Group and BNP Paribas Bank Polska on which we had the pleasure to advise. We wish both parties further successful cooperation,” said Grzegorz Kycia, a Partner at Kycia Legal.

MLP Czeladź is a logistics centre under construction. Once completed, it will offer clients five A-class buildings with a total of 68,332 sqm of warehouse and manufacturing space. The project is sited on a plot of 15.5 hectares.

The park is located close to the junction of the A4 motorway and the S1 expressway, 15 kilometres from the Katowice airport, 11 kilometres from the city centre, and in the vicinity of the S86 expressway linking Łódź with Tychy.