MLP Group ended the first half of 2026 with very strong financial and operating results. The Group’s revenue increased by 23% YoY to PLN 255.0 million (€ 60 million), rental income rose by 34% to PLN 149.3 million (€35.1 million), while EBITDA (before revaluation) increased by 19% to PLN 126.0 million (€29.6 million). During the first six months of the year, the Group delivered 219,600 sqm of new space, increasing its portfolio to 1.7 million sqm of GLA.
At the end of June, a further 186,000 sqm of space was under construction across four countries. Once fully leased, the projects under development could generate approximately €11.9 million in annual rental income, with an expected minimum yield on cost of 12.4%.
MLP Group’s portfolio remains stable, providing strong revenue visibility. At the end of June, the occupancy rate stood at 95%, while the weighted average unexpired lease term (WAULT) was approximately 7.3 years, and nearly 99% of rents were paid on time. The tenant retention rate also stood at nearly 99%. The Group works with approximately 225 tenants representing sectors including manufacturing, advanced technologies, automotive, e-commerce, retail and logistics.
MLP Group’s strategy focuses on the development of modern industrial and logistics projects in major European metropolitan areas. Proximity to customers and infrastructure, as well as increasing access to a skilled workforce, are becoming key criteria in location decisions made by companies in the manufacturing, technology and logistics sectors.
“In 2026, we are significantly scaling up MLP Group’s operations. Rental income increased by 34%, while EBITDA rose by 19% to PLN 126 million. The second half of the year looks equally promising. Our strategy focused on development in key locations across Europe is delivering very strong results. Poland remains our key market and the main growth engine, while at the same time we are accelerating our expansion in Western Europe,” said Radosław T. Krochta, President & CEO of MLP Group S.A.
In Poland, MLP Group is pursuing an active investment pipeline. In 2026, the Group commenced the development of several projects, including MLP Bieruń, MLP Rzeszów, MLP Gorzów, MLP Poznań, the second phase of MLP Business Park Poznań, and a further phase of MLP Pruszków II.
At the same time, MLP Group is significantly accelerating its expansion in Germany. The Group is commencing the development of its first project in the Frankfurt metropolitan area, comprising approximately 23,000 sqm, and is proceeding with the second phase of MLP Business Park Schalke, covering approximately 32,000 sqm.
“2026 is a period of very intensive growth for MLP Group. Over the next two quarters, we plan to deliver approximately 200,000 sqm of new leasable space, which will significantly increase the scale of our income-generating portfolio. At the same time, we expect continued high single-digit growth in both rental rates and estimated rental value (ERV), supported by strong occupier demand and the limited availability of modern logistics and light industrial space,” added Radosław T. Krochta.
