Wednesday, 20 May 2026
MLP Group increased revenue and leasing activity in the first quarter of 2026, supported by continued demand for logistics space in major European urban markets.
The logistics developer and operator reported consolidated revenue of PLN 130.6 million (EUR 30.8 million) for Q1 2026, representing a 20% increase year-on-year. EBITDA before revaluation reached PLN 59.5 million (EUR 14.0 million), up 10% compared with the same period last year.
Net profit totalled PLN 32.5 million (EUR 7.7 million), compared with a net loss of PLN 42.7 million recorded in the first quarter of 2025.
During the quarter, the group signed lease agreements covering approximately 65,800 sqm of space, compared with 22,800 sqm leased in Q1 2025. Of the total, 58,500 sqm was leased to new tenants. The agreements are expected to generate EUR 4.6 million in annualised rental income, up from EUR 1.3 million a year earlier.
MLP Group said demand for modern logistics space continues to be concentrated in large urban and metropolitan regions, which remains the company’s primary development focus across its European markets.
“At the end of March 2026, the fair value of investment properties amounted to PLN 6,856.7 million, representing a 4% increase compared to 31 December 2025. Net Asset Value increased by 1% in the first quarter of 2026 to PLN 3,233.4 million,” the company stated.
The developer currently has approximately 217,000 sqm of warehouse space under construction, with potential annual rental income estimated at EUR 14.2 million.
According to the company, around 98% of rents were paid on time during the quarter, while tenant payment profiles remained stable.
MLP Group said it continues to focus on projects located close to large urban centres and is increasingly developing smaller and medium-sized logistics units aimed at urban distribution and last-mile delivery operations.
“We continue to consistently execute our strategy focused on the development of modern logistics parks in the largest urban agglomerations and metropolitan regions across Europe,” said Radosław T. Krochta. “Concentrating on key locations characterised by strong demand and limited land availability strengthens our competitive position and supports the further scaling of our operations.”
He added that the company is gradually moving away from traditional large-scale warehouse formats towards more flexible urban logistics projects.
“Our strategy is increasingly based on modern, highly diversified logistics parks offering medium and small units tailored to the growing needs of urban logistics and customers operating close to the end consumer,” Krochta said.
The company also confirmed plans to launch new urban logistics projects in Munich and Vienna later this year, including the MLP City Park Vienna development, which will offer units ranging from 200 sqm to 800 sqm near Vienna’s main railway station.
