MLP Group has just launched a project to expand the MLP Bucharest West logistics park. The new building of about 16,000 sqm, being developed on a speculative basis, is scheduled for completion by the year’s end.

Panattoni has completed the construction of the sixth building in the K-FLEX production and storage centre in Uniejów and together with the client has held the formal opening ceremony. With the newly completed 33,000 sqm of warehouse space, the complex in Uniejów now comprises more than 100,000 sqm

MLP Group has established a relationship with the German banking institution Aareal Bank AG, whereby the latter has committed funds of over €63.5 million. The borrowed funds will be applied to refinance the MLP Poznań West project and to finance new investment projects undertaken by the MLP Group.

Panattoni continues to grow its portfolio of urban centres in Warsaw. The company has begun construction of City Logistics Warsaw IX next to the junction of ul. Utrata and ul. Zabraniecka in the city’s Targówek Fabryczny district, and the value of the investment will amount to €19 million. Half of the space is to be occupied by Inter-Mlecz, a distributor of some of the biggest grocery brands. The company is to move its current operations without disruption from a nearby location. 

Panattoni is developing a distribution centre for  ORBICO Supply – a logistics operator from the Orbico Polska group, responsible for the distribution of over 50 global brands. On completion the BTS centre in Teresin will have an area of 38,000 sqm.

LeadCrest Capital Partners announced two transactions in Poland: a new industrial sale-leaseback as well as €20 million sale-leaseback acquisition of three retail warehouses.

Rohlig Suus Logistics has leased 20,393 sqm at MDC2 Park Gliwice, which will include 19,773 sqm of warehouse space and 420 sqm of office and social space. The total area of the 3 warehouse buildings in the park will exceed 57,000 sqm.

MLP Group has successfully placed €29 million worth of bonds with 36 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Peakside Capital Advisors has started construction of City Point Targówek, the largest logistics park in Warsaw. It will provide 100,000 sqm of modern and sustainable warehouse space in a prime location near the city centre. The warehouse park will seek top LEED and BREEM certification ratings, and it will also pursue WELL certification, which has never been awarded in this market segment before.

Panattoni has been granted a €64 million loan by Bank Gospodarstwa Krajowego for yet more projects. The financing is to be used to develop a complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.