MLP Group gets €21.5 million of financing from BNP Paribas

30
Oct
2024
News - MLP Group gets €21.5 million of financing from BNP Paribas #BNP Paribas #logistics #MLP Group #Polands #refinancing #warehouse #Warsaw

by Property Forum | Industrial

MLP Group has completed a transaction with BNP Paribas Bank Polska S.A., securing financing of €21.5 million. The funds will be used to refinance the construction of a 34,600-square-meter warehouse facility at the MLP Pruszków II logistics centre. Legal advisory for the bank was provided by Kycia Legal Banking Finance.


"We are very pleased to have closed this transaction with a leading financial institution. By providing support, the bank has positively assessed our business model and ongoing investment projects. The obtained financing ensures us full financial stability and the ability to dynamically develop our operational activities", said Monika Dobosz, CFO/Board Member at MLP Group S.A.

"We are delighted to once again have the opportunity to support MLP Group's development plans. We value our long-term collaboration and appreciate the Company's efforts in implementing sustainable development principles in its business activities. We thank the Company for its trust and look forward to further developing our relationship", said Marek Kowalski, Head of Structured and Real Estate Finance at BNP Paribas Bank  

MLP Pruszków II is a logistics centre located in the municipality of Brwinów near Warsaw, five kilometres from Pruszków. It is the largest complex of its type in the region, with a target lease area of over 424,000 sqm. The buildings have been awarded the prestigious BREEAM certification. In line with MLP Group’s ESG strategy, photovoltaic installations are being installed on the roofs.

MLP Pruszków II is located between local road No. 760 and the A2 motorway, three kilometres from the junction in the Pruszków-Żbików area. The international railway lines located in the hub’s vicinity make for excellent logistics conditions for both domestic and international distribution. There is a bus stop on the premises as well as a Nextbike self-service bike rental station.




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New leases

  • Froo Romania, a subsidiary of the Żabka Group, has relocated its HQ to the Bucharest-based Hermes Business Campus. The retailer secured around 2,900 sqm of office space in a transaction facilitated by Colliers.
  • Court One has signed a lease for approximately 6,300 sqm of space at MLP Business Park Vienna. The tenant, a subsidiary of the Padeldome group, is currently Austria’s largest operator in the sector, managing 42 courts across four locations in the capital.
  • Polish fashion and lifestyle brand Medicine has accelerated its domestic expansion, headlined by the opening of its largest store to date, a 985 sqm flagship at the Silesia City Center in Katowice. This strategic scale-up is mirrored by simultaneous growth in several regional markets, including a new 740 sqm unit at Magnolia Park in Wroclaw and a 600 sqm extension at Galeria Warmińska in Olsztyn. The retailer further bolstered its Silesian presence with a 500 sqm location at Pogoria Shopping Centre and a new opening at CH Platan, significantly increasing its total floor space across Poland.

New appointments

  • Avison Young has promoted Bartłomiej Krzyżak and Marcin Purgal to the roles of Co-Heads of the Investment Department in Poland. Krzyżak, previously Senior Director, brings 18 years of commercial real estate experience, having joined Avison Young in 2017. Purgal, also a former Senior Director and a member of the Royal Institution of Chartered Surveyors (MRICS), transitions into the co-head role with 23 years of experience in the CEE commercial markets.
  • Avison Young has strengthened its Polish leadership with three senior promotions. Patryk Błach ascends to Associate Director within the Investment Advisory Department. Kamil Głowienka has been named Senior Project Manager. Furthermore, Katarzyna Uzar becomes a Valuation and Innovation Specialist, tasked with integrating technological solutions and coordinating global departmental projects.
  • Katarzyna Myjak has joined Axi Immo as Senior Business Advisory Manager, tasked with strengthening the company’s Industrial & Logistics business line.


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