MLP Group’s target warehousing space is nearly 1.2 million square meters

The MLP Group has published its consolidated results for the first 3 quarters of 2016: net profit of PLN 22.7 million with revenues of PLN 67.0 million. Net assets reached PLN 630.6 million. MLP Group’s 10 parks have a target space of nearly 1.2 million square meters.

As at the end of September, the MLP Group, a developer of modern warehousing space, reported its net asset value (equity) at PLN 630.6 million. In the first three quarters of 2016, the Group earned a net profit of PLN 22.7 million. Its consolidated revenues reached PLN 67.0 million. In this period, the Group signed lease agreements for a total of 19,600 square meters, as a result of which in the first 9 months of the year its total leased space increased to 333,400 square meters.

“In recent weeks, we significantly intensified our efforts and signed a number of large lease agreements with more being currently negotiated. We also have 3 more logistics parks in the pipeline: in Czeladź, near Poznań and in the vicinity of Łódź. The effects of these efforts will be reflected in our results of the coming periods” said Radosław T. Krochta.
Currently, the property portfolio of the MLP Group includes 7 logistics parks located in Poland: MLP Pruszków I, MLP Pruszków II, MLP Poznań, MLP Lublin, MLP Wrocław, MLP Gliwice and MLP Teresin.

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