Santander providing finance for MLP Łódź Park

MLP Group has signed a new agreement with Santander Bank Polska. The institution provided funding in the amount of over €19 million and PLN 4 million. The funds will be used to refinance the existing warehouse facilities and finance the construction of new warehouse facilities within the MLP Łódź logistics park. So far, more than 43,000 sqm has been commissioned in the newly constructed centre. Kycia Legal advised on the transaction.

“We are very pleased to finalize the transaction with another leading financial institution in Poland. On behalf of the MLP Group, I would like to thank Santander Bank Polska for the partnership cooperation and I hope to continue building our business relations,” said Monika Dobosz, CFO at MLP Group S.A.

“The long-term financing provided by Santander Bank Polska, a financial institution that has been supporting the development of the warehouse and logistics sector in Poland for many years, is the result of the positive perception of the MLP Group S.A. operating model, the professionalism of its employees and high-quality assets that meet the criteria of sustainable development. We hope for the further, dynamic development of our cooperation,” stressed Paweł Sobień, Corporate Clients Director of Santander Bank Polska.

“We are glad that Kycia Legal could cooperate with Santander Bank Polska and MLP Group. Thank you for the trust of both parties in the implementation of their first joint transaction,” said Grzegorz Kycia, Partner Kancelaria Prawna Kycia.

The MLP Łódź project is a modern logistics and distribution centre located in the south-eastern part of Łódź, in the Widzew district, just 4 km from the A1 motorway connecting Łódź with the Tri-City and about 20 km (10 min) from the A2 motorway (Berlin-Poznań-Warsaw). It is being built on a plot of around 20.98 ha and will ultimately provide 86,800 sqm. The new centre will be built in accordance with the principles of sustainable development, and the warehouse facilities will be BREEAM certified. The MLP Łódź logistics complex is aimed primarily at tenants from the e-commerce, logistics, distribution and light manufacturing sectors.