MLP Group gains speed abroad – new land addition to property portfolio

MLP Group, a green industrial developer operating in the warehouse property market in Europe (Poland, Germany, Austria, and Romania), after many successes not only in Poland but also in Germany, continues to expand its footprint in the largest warehouse property market in Europe. The Company has just added another piece of land to its property portfolio in Gelsenkirchen. 

The modern MLP Business Park Gelsenkirchen will be located in the western part of Germany in the very heart of the Ruhr region, just off the A42 motorway, less than 4 km from the main railway station, and (about 40 km) from Düsseldorf International Airport. 

The new project is located on a plot of over 11 ha. A state-of-the-art logistics park will be built in Gelsenkirchen. Its construction, due to start at the end of the second quarter and beginning of the third quarter of 2023, is expected to be completed in the second quarter of 2024. The purchased land is a brownfield site requiring revitalization. 

“We are gradually strengthening our position in the German and Austrian markets. This year we plan to add another piece of land to our portfolio, situated in the vicinity of Frankfurt and Stuttgart," Radosław T. Krochta, President of the Management Board of MLP Group, said.

(WBJ)