ARTICLES LABELLED WITH TAG MLP

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. 

GTV, an international distributor of furniture accessories and LED lighting, has signed a lease for another 32,000 sqm of space at MLP Pruszków II. The company is already occupying 20,300 sqm at the logistics centre. The new building is to be handed over to the tenant next April. The transaction was brokered through AXI IMMO, a real estate advisory firm.

In the first quarter of 2022, MLP Group almost doubled its net profit, which came in at PLN 29.7 million, having increased 84% year on year.

MLP Group's financial standing remains very strong, as confirmed by the posted results for 2021. Last year, MLP Group’s net asset value (NAV) went up 51%, to PLN 1.82 billion (€396.7 million). The value of its investment property rose 46%, to around PLN 3.4 billion (€752 million). Consolidated rental income (i.e. revenue from the Group's core business) was PLN 196 million (€42.8 million), representing a nearly 15% increase year on year. At PLN 632.3 million (€138.1 million), operating profit surged 112% year on year, with a nearly threefold increase in net profit, to PLN 480.5 million (€105.0 million).