MLP Group reports growth in revenue and net profit for first three quarters of 2024

Business Forum
For the nine months ended 30 September 2024, MLP Group's consolidated revenue increased by 4% year-on-year to PLN 278.3 million. Rental income from investment properties rose by 8% to PLN 161.3 million, while the value of the Group's investment properties grew by 15% to exceed PLN 5.2 billion. Net Asset Value (NAV) advanced by 10% year-to-date, to over PLN 2.64 billion.

In early October, MLP Group issued notes with a total principal amount EUR 300 million. These notes have been listed on the Official List of the Luxembourg Stock Exchange and admitted to the Euro MTF alternative trading system operated by the Exchange.

"We are confident in the positive market outlook across all regions where we operate. The capital raised through our recent note issuance will serve as a catalyst for further growth, with approximately 60% strategically allocated to investments in Germany. Among these is a newly acquired plot near Düsseldorf, designated for a data center project—one of the significant growth areas in our portfolio. Simultaneously, we are advancing key developments in Schalke, Frankfurt, and Spreenhagen near Berlin.

Our dedication to the Polish market is equally unwavering. In the near term, we plan to secure a prime site in Rzeszów, a strategic location near the Ukrainian border, where we will establish a logistics center designed to attract investments supporting our eastern neighbours. Additional land acquisitions across Poland are already in the pipeline. Looking ahead, we intend to deepen our presence in Austria and Romania while also expanding into Amsterdam in a near future, further solidifying our footprint in Europe. However, Poland and Germany will remain the backbone of our operations, comprising approximately 80–90% of the portfolio,” said Radosław T. Krochta, CEO and President of the Management Board of MLP Group S.A.

MLP Group continues its dynamic expansion across Poland, Germany, Austria, and Romania. The Group currently operates 23 logistics parks, with strategic emphasis on urban logistics projects and Big Box facilities. As of the end of the third quarter 2024, the Group managed nearly 1.2 million sqm of completed space, with an additional 260,000 sqm under construction or in planning. The total development potential of its existing landbank stands at 1.9 million sqm.

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 highly attractive logistics park locations, built-to-suit solutions, and ongoing tenant support throughout the lease term.

MLP Group is a leading developer, owner and manager of high-quality logistics and industrial parks and light industrial business parks, operating in Poland, Germany, Austria, and Romania. The Company owns and manages a portfolio of properties with around 1.9 million sqm of existing and permitted ready to build rental space. As at the end of the third quarter of 2024, its Net Assets Value was over PLN 2.6 billion. MLP Group has been listed on the Warsaw Stock Exchange since 2013.

With offices in Warsaw, Munich and Vienna and Bucharest, the Company offers bespoke, tailor-made real estate solutions to clients and tenants in various industries, including logistics, retail, e-commerce, manufacturing and automotive.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Economy

VTEX achieves AWS Consumer Goods Competency

VTEX has achieved the AWS Consumer Goods Competency, distinguishing itself as a provider that has demonstrated technical proficiency and proven customer success.

READ MORE
Business Forum  |  20 December, 2024 at 9:28 AM
Business Forum  |  20 December, 2024 at 9:19 AM