MLP S A : Group secures financing from ING Bank Śląski

MLP Group has entered into a transaction with ING Bank Śląski S.A. whereby the bank has agreed to provide funding totalling EUR 26.8 million, to be used to finance new investment projects in the MLP Poznań and MLP Poznań II logistics parks and to refinance existing liabilities under bank loans.

In the successfully closed transaction with ING Bank Śląski S.A. the bank has agreed to lend more than EUR 26.8 million to MLP Group in accordance with the transaction terms. The purpose of the loan is to refinance existing projects spanning an area of 58,200 sqm, and finance the construction of another 21,700 sqm of warehouse facilities within the MLP Poznań and MLP Poznań II logistics parks. This means the loan proceeds will be used to fund new and existing projects with a total area of approximately 80,000 sqm.

"We are very pleased to have completed this transaction with a leading financial institution. The decision to provide support to our Group is underpinned by the bank's positive assessment of our business model and investment projects. The funding will secure full financial stability to us and will contribute to the dynamic growth of our operations," said Monika Dobosz, CFO/Board Member w MLP Group S.A.

MLP Poznań is located in Koninko, near the S11 expressway connecting Poznań and Katowice. The park is situated approximately 16 km from the centre of Poznań and 4 km from the A2 motorway. Ultimately, it will provide almost 90,000 sqm of warehouse and production space to be built on an area of 20 ha.

The target tenant group includes primarily e-commerce, logistics, distribution, and light industrial manufacturing companies. The projects are highly sought after by tenants due to their convenient locations and the high quality of space they offer. MLP Group is a leader in putting the principles of sustainable development into action, setting the highest environmental standards in the logistics and industrial property sector. The company follows a strategy of ensuring that its newly built facilities qualify for BREEAM certification at the level of Very Good or higher.

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.