MLP Group has signed a lease contract with Side Group, a leading cleaning and hygiene product company in the Romanian market. Side Group will be relocating its operations to occupy nearly 6,000 sqm of cutting-edge space at the MLP Bucharest West logistics centre. This new facility will also be used as Side Group’s distribution centre in Bucharest, serving its HoReCa, retail, and industrial sector customers. Out of the total space leased, 5,200 sqm will be dedicated to warehouse operations, while the remaining 380 sqm will house modern offices. The transaction was brokered by the real estate consultancy iO Partners JLL Preferred partner.
“We’re delighted to support Side Group in their expansion journey by providing them with newly constructed space within our growing logistics centre. The construction of the facility, including space taken up by our new tenant, is almost finished, and scheduled to be ready for occupancy by the end of this year. Consistent with our commitment to excellence, all our new projects adhere to the highest environmental standards and are BREEAM certified,” said Olga Melihov, Country Head of Romania, MLP Group.
“We are very pleased with how swiftly we were able to negotiate and conclude the lease terms and finalize the transaction. The decisive factors in selecting MLP Group as our partner were the conformity of the space with our specific requirements, the strategic location of the logistics park, and the exceptional quality and functionality of the facility. We believe that this modern space, featuring comprehensive logistics facilities and satisfying the highest industry standards, will support the delivery of our growth strategy,” added Ionut Dinca, General Manager of Side Group.
“Thank you for the trust given by our good collaborators MLP Group and Side Grup, in achieving this long-term partnership,” added Ionut Grigoras, Senior Consultant, iO Partners JLL Preferred Partner.
MLP Bucharest West is a Class A logistics & industrial park located at the ring road in Bucharest’s northwestern district of Chitila. Developed on an 18.3-hectare plot, it will ultimately provide 99,000 sqm of warehouse and light industrial manufacturing space. As part of phase one, a 22,000 sqm unit was delivered for occupancy in 2021 and is now fully leased up. Phase two was launched in May, designed to deliver about 16,000 sqm of new space by the end of 2023. Situated in the western part of the Romanian capital with excellent access to the ring road around Bucharest, MLP Bucharest West offers an ideal location for logistics and distribution operators.
MLP Group is growing its operations in Poland, Germany, Austria and Romania, with plans to expand its business into new markets. In keeping with its build & hold strategy, MLP Group retains completed logistics parks in its portfolio and manages them. All projects undertaken by MLP Group are distinguished by very attractive locations of the logistics parks, application of built-to-suit solutions, and support given to tenants during the lease term.