MLP sells logistic parks for €90 mln

A subsidiary included in industrial space developer MLP Group has signed two deals with WestInvest Gesellschaft für Investmentfonds to sell logistics parks MLP Bieruń and MLP Tychy, the company reported. The total value of the contracts stood at nearly €90 million, roughly PLN 380 million. MLP Bieluń was purchased for nearly €16.8 million (roughly PLN 71.4 million), hence MLP Tychy for over €70 million. The group informed that it will earmark the funds acquired from the transactions to carry out further investment projects. MLP Bieluń features approximately 55,000 sqm, MLP Tychy, 92,600 sqm. MLP Group has been listed on the Warsaw bourse since 2013. It specializes in built-to-suit schemes.