MLP Group has signed a new agreement with Santander Bank Polska. The institution has provided financing of more than EUR 19 million and PLN 4 million. The funds will be used to refinance existing and finance the construction of new warehouse facilities within the MLP Lodz logistics park. Kycia Legal law firm advised on the transaction.
MLP Group finalized the transaction with Santander Bank Poland. Under the agreed terms, the institution provided financing of more than €19 million and PLN 4 million. Kycia Legal law firm advised in concluding the transaction. The funds raised will be used to refinance existing and finance the construction of new warehouse facilities within the MLP Lodz logistics park. So far, more than 43,000 sqm of modern space has been put into use in the newly built center. As part of the target area, it is possible to build a second as many facilities.
“We are very pleased to finalize the transaction with another leading financial institution in Poland. On behalf of MLP Group, I would like to thank Santander Bank Polska for the partnership cooperation and I hope to continue building our business relations,” said Monika Dobosz, CFO at MLP Group S.A.
“The long-term financing provided by Santander Bank Polska, a financial institution that has been supporting the development of the warehouse and logistics sector in Poland for many years, is a result of the positive perception of MLP Group S.A.’s operating model, the professionalism of its employees and the high quality of its assets that meet the criteria of sustainable development. We hope for further dynamic development of our cooperation.” – emphasized Paweł Sobień, Corporate Clients Director of Santander Bank Poland.
“We are pleased that Kycia Legal was able to cooperate with Santander Bank Polska and MLP Group. We would like to thank both parties for their trust in completing their first joint transaction,” said Grzegorz Kycia, Partner of Kycia Legal Law Firm.
The MLP Łódź project is a modern logistics and distribution center located in the southeastern part of Łódź, in the Widzew district, just 4 km from the A1 highway, connecting Łódź with the Tricity, and about 20 km (10 minutes) from the A2 highway (Berlin-Poznań-Warsaw). A great advantage is the proximity of public transportation. It is being built on a plot of approximately 20.98 hectares and will eventually provide 86.8 thousand sqm. The new center will be built in accordance with the principles of sustainable development, and the warehouse facilities will undergo BREEAM certification. The MLP Lodz logistics complex is aimed primarily at tenants from the e-commerce, logistics, distribution and light manufacturing sectors.
