The record leasing performance was driven by strong interest from both new and existing tenants. New lease agreements accounted for 223,487 sqm, while the group welcomed 39 new tenants. Existing tenants represented 40% of total demand for space. The highest leasing activity was recorded in Q4, accounting for 51% of the total space leased during 2025. Its EBITDA before revaluation reached €49.8 million (+15% year-on-year).
The Net Asset Value (NAV) increased 18% year-on-year to €756.4 million, while the fair value of investment properties reached €1,563.5 million (+29% vs. 31 December 2024). NAV per share stood at €31.5 (+18% vs. 31 December 2024).
"Lease agreements executed in 2025 provide us with a secured revenue growth base of approximately 21% as we enter 2026," said Radosław T. Krochta, President & CEO of MLP Group. "During the year we maintained our portfolio vacancy rate below 5%, effectively achieving near-full income generation across all assets."
At the end of 2025, 324,051 sqm of space was under construction across Poland (151,471 sqm), Austria (24,353 sqm), Romania (42,533 sqm), and Germany (106,694 sqm). Lease agreements covering 53% of this space had already been signed at the construction stage. The group's gross leasable area reached 1.6 million sqm, with a land bank of 231 hectares. MLP Group plans to deliver approximately 250-300 thousand sqm of new space in 2026.
