ARTICLES LABELLED WITH TAG MLP

Last year MLP Group recorded very good results as regards contracts signed with tenants. During the period, the Polish developer of logistics facilities leased in approximately 240,000 sqm of space. The largest number of contracts were signed at the MLP Pruszków II park near Warsaw and MLP Poznań West. This year the level of commercialisation is planned to go up by about 20%.

As the European Union has proposed the move towards zero-emission buildings by 2030, a significant portion of the energy consumption of these projects should be covered by energy from renewable sources. This includes renewable energy produced on-site or nearby so property companies are starting to invest in such facilities in a bid to lower operating costs and meet targets under their ESG agendas. The investments in such capacities have been boosted by the high energy price environment and the need of property companies to enhance the security of power supplies.

Auto Partner, one of the largest auto parts distributors in Poland, has leased 30,000 sqm of modern commercial space at MLP Zgorzelec. It will be the first tenant in a new logistics centre being built near the border with Germany and the Czech Republic. With the new transaction, the total space leased by this auto parts distributor and importer in MLP Group facilities has increased to nearly 60,000 sqm.

MLP Group has successfully carried out a public offering of Series F shares by way of a private placement, directed exclusively to qualified investors and investors subscribing for shares worth no less than the equivalent of €100,000. Based on an accelerated bookbuild process, the issue price of Series F shares was set at PLN 70.

MLP Group reported performance figures for the nine months to 30 September 2022. The Group’s net asset value (NAV) went up 33%, to over PLN 2.4 billion (€498.5 million). The value of its investment properties also rose 33%, to more than PLN 4.5 billion (€958.2 million). Consolidated revenue improved 35% yoy, to €41.9 million, driven by an increase in the leased area and rental rates. Net rental income, on the other hand, rose 30% yoy, to PLN 145.6 million (€31.0 million). Operating profit rose 164%, to PLN 750.1 million (€160.0 million). In the first nine months of 2022, MLP Group generated PLN 526,1 million (€112.2 million) in net profit, a more than 2.6-fold improvement on the year before.

The Polish logistics operator has signed leases for approximately 20,500 sqm of additional space in MLP Pruszków II and MLP Łódź, two logistics parks in the MLP Group’s portfolio. Following the handover of the new facilities, Uniq Logistic will occupy a total area of close to 44,000 sqm. The tenant was advised on both transactions by real estate agency AXI IMMO.

MLP Group's financial condition remains strong, as demonstrated by its reported H1 2022 performance figures. In the first six months of the year, the Group’s net asset value (NAV) went up 26%, to PLN 2.3 billion. The value of its investment properties rose 25%, to more than PLN 4.2 billion. Consolidated revenue increased 26% y-o-y, to PLN 123.2 million. Net rental income, on the other hand, rose 22% y-o-y, to PLN 90.4 million. Operating profit rose 181%, to PLN 577.2 million. For the first half of this year, MLP Group posted PLN 433.9 million in net profit, an over 2.5-fold improvement (+161%) relative to the same period last year.

MLP Group has published its ESG strategy. The company intends to set high environmental standards in the logistics and industrial property sector. Respect for nature and care for the natural environment are to be the cornerstones of the activities carried out by the Group, which is developing a network of urban logistics parks in the Polish, German, Austrian and Romanian markets. MLP Group has set itself a goal of net zero carbon emissions by 2026.

The seller of plumbing supplies has leased more than 23,000 sqm at the MLP Poznań West logistics park. Once completed and BREEAM certified, the facility will be handed over to Bevo in November this year. The transaction was completed through BNP Paribas Real Estate, an advisory firm.

SPM Poland, a member of the BCUBE Poland Group, has joined MLP Wrocław as its new tenant. The logistics operator has leased in total more than 15,000 sqm of modern space, with the first unit already completed. Construction of another facility is about to commence, and the building is slated for handover in the first quarter of next year.