Fabryka Mebli Akord is relocating its main warehouse to the modern logistics center MLP Teresin (central Poland). The decision to choose this location was driven, among other factors, by the possibility of high storage, which will enable the optimization of logistics processes and further development. Fabryka Mebli Akord will gain full access to the facility at the beginning of September this year. The tenant was represented in the transaction by AXI IMMO.

MLP Group recorded its strongest leasing performance to date in 2024. Over the year, the group leased a total of approximately 305,000 sqm of space, including 225,000 sqm under new contracts – an 82% increase year on year. During this period, MLP Group secured 22 new clients, while 20% of total leasing activity came from existing tenants.

MLP Group announced plans for a new logistics and industrial centre in Rzeszów (eastern Poland). The MLP Rzeszów facility will deliver over 52,000 square meters of modern warehouse and office space. The investment is scheduled to kick off in the second quarter of 2025.

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.

MLP Group S.A. has successfully closed its debut senior green notes offering, worth €300 million (approximately PLN 1.3 billion). Citi and Santander Group acted as Global Coordinators and Physical Bookrunners for the issue.

MLP Group has signed a long-term lease agreement with a Chinese manufacturer of automotive parts, which, as part of its global nearshoring strategy, will lease 23,000 sqm of modern warehouse and office space at the MLP Poznań West logistics centre. Construction of the facility will begin in the early fourth quarter of 2024, the handover is planed for the second quarter of 2025. The new building will meet the highest environmental standards, to be confirmed by BREEAM ‘Excellent’ certification.

In the first half of 2024, revenues of the MLP Group amounted to PLN 187.7 million (€43.5 million) and the value of investment properties reached PLN 5,057 billion (€1,17 billion).

A distribution company has leased approximately 23,000 sqm of space at the MLP Pruszków II logistics centre. The tenant will move into the new facility at the beginning of September next year.

MLP Group has entered into a transaction with ING Bank Śląski S.A. whereby the bank has agreed to provide funding totalling €26.8 million, to be used to finance new investment projects in the MLP Poznań and MLP Poznań II logistics parks and to refinance existing liabilities under bank loans.

The Group aims to at least double its revenue to €183-215 million in 2028, triple its EBITDA (excluding revaluations) within five years to €112–132 million in 2028, nearly triple funds from operations (FFO) to €51–60 million in 2028, and at least double its net asset value (NAV) per share to €48–56 million in 2028.