BayernLB grants investment credit facility for MLP Business Park Berlin-Ludwigsfelde

MLP Group has signed an agreement with Bayerische Landesbank (BayernLB) for an investment credit facility of over €19.6 million. The proceeds will be used to refinance and finance the construction of MLP Business Park Berlin. The credit facility is another agreement signed with BayernLB, which strongly supports growth of MLP Group’s operations in Germany. 

MLP Business Park Berlin-Ludwigsfelde is MLP Group’s first Urban Logistics project, to be gradually replicated in other cities. The project is dedicated mainly for e-commerce tenants and companies looking for high-end warehousing and office space. The project offers units ranging from 750-2,500 sqm, ideally located within the German capital, with easy access to public transport. The rapid commercialisation of the project at an early implementation stage has solidified the strong rating of the asset.

“After successful collaboration on the project in Unna, the financing of MLP Business Park Berlin-Ludwigsfelde is a second major project in Germany we are working on with BayernLB, Germany’s leading financial institution. On behalf of MLP Group, I would like to thank BayernLB for the good cooperation, hoping for further strengthening of our business relationship,” Monika Dobosz, CFO of MLP Group, noted.

(WBJ)