Thursday, 23 April 2026
MLP Group reported its highest quarterly leasing performance to date in the first quarter of 2026, supported by increased tenant demand across its core European markets.
Between January and March 2026, the company signed lease agreements covering 56,000 sqm, up 144 percent year on year compared with 23,000 sqm in Q1 2025. The value of annualised rental income reached EUR 3.8 million, a 186 percent increase from EUR 1.3 million in the same period last year.
These results reflect continued demand for modern logistics space, particularly from tenants in light manufacturing, e-commerce and distribution sectors, as well as a focus on well-connected locations and higher technical standards.
“In the first quarter of this year, we nearly tripled our contracted rent year on year. This is an outstanding result and one of the best quarters in our history. It demonstrates the strength of our organisation, the effectiveness of our strategy and the high level of trust our tenants place in us. Importantly, we entered the year with a very strong foundation. Taking into account the agreements signed already in 2025, we had secured a 21% revenue increase at the very start of the year. We have now further strengthened this with record leasing performance in the first quarter. This gives us confidence that 2026 will be another period of outstanding success for MLP Group,” said Agnieszka Góźdź, Member of the Management Board & CDO at MLP Group S.A.
“The results achieved are the effect of our highly consistent leasing strategy, based on tenant diversification, a focus on key European markets, and offering flexible, scalable solutions for businesses. We continue to see strong demand, particularly from companies in light manufacturing, e-commerce and logistics, which are seeking modern space in well-connected locations. Importantly, the importance of asset quality is also increasing, as tenants are paying more attention to technical standards, energy efficiency and ESG compliance. Our portfolio is well aligned with these expectations, which translates into strong leasing activity and very good prospects for the coming quarters,” added Tomasz Pietrzak, Leasing Director Poland at MLP Group S.A.
Alongside leasing activity, MLP Group completed approximately 100,000 sqm of warehouse space in Poland and Germany during the first quarter, reflecting ongoing development across its portfolio.
At the end of March 2026, the Group’s total portfolio exceeded 1.7 million sqm of warehouse space across Europe. Its land bank allows for further expansion, with potential to increase total space to approximately 2.3 million sqm.
The portfolio remains relatively young, with around 85 percent of buildings delivered within the past 10 years and more than 60 percent completed in the last five years. The average age of assets is approximately 6.6 years, aligning with tenant demand for modern logistics facilities.
The first-quarter performance indicates continued leasing activity supported by development completions and available land for future growth.
