Last year MLP Group recorded very good results as regards contracts signed with tenants. During the period, the developer of modern logistics facilities leased 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 percent.
MLP Group delivered very good results in 2022 as regards the lease of warehouse space it offers. During the year, it commercialised approximately 240,000 sqm of space as part of new developments, expansions and renegotiations, that is additions to the space already leased by existing clients or lease term extensions. MLP Group developed its operations in the Polish, German, Austrian and Romanian markets. It currently operates 22 logistics parks and manages space spanning more than 1 million sqm. The target capacity of the existing project portfolio exceeds 1.6 million sqm.
Tenants’ interest focused mainly on the space offered by MLP Group at the MLP Pruszków II and MLP Poznań West logistics parks. These two rapidly growing warehouse complexes are located in close proximity to major metropolitan areas. The space leased in them accounted for more than 60 percent of all space leased by MLP Group under contracts signed last year. MLP Pruszków II is a modern logistics centre located in the municipality of Brwinów near Warsaw, five kilometres from Pruszków. With a target leasable space of 420,000 sqm, it is the region’s largest logistics complex. MLP Poznań West will ultimately offer over 140,000 sqm of cutting-edge warehouse and office space.
“Last year was another very successful period for us in terms of space leased. We commercialised approximately 240,000 sqm of modern space despite the challenging economic conditions in Europe created by such adverse developments as the pandemic, Russia’s armed aggression against Ukraine and high inflation. MLP Group, like the entire warehouse industry, has benefited from the changes in the global market landscape which prompted investors to shorten supply chains, relocate operations to European countries and acquire more warehouse space. Tenants also showed a growing interest in facilities built as part of urban logistics, offering small storage modules and modern office space located within large agglomerations,” said Agnieszka Góźdź, Member of the Management Board, Chief Development Officer at MLP Group S.A.
MLP Group’s Management Board has an optimistic outlook for the periods to come, and demand for warehouse space remains stable across Europe. “This year, we expect to lease about 250,000-300,000 sqm of space. If this level of a lease is achieved, we will post an approximately 20 percent year-on-year growth in space leased. These assumptions are realistic as the light industry segment remains very active in relocating production from Asia to Europe,” added Agnieszka Góźdź, Member of the Management Board, Chief Development Officer at MLP Group S.A.
MLP Group is placing a strong focus on sustainability as part of its warehouse portfolio expansion. In line with the Company’s standard practice, BREEAM certification with a rating of Very Good or higher is obligatory for all its new projects. MLP Group’s sustainability strategy also provides for adapting its existing facilities to meet the green certification requirements.
