Saturday, 15 March 2025
MLP Group, a European logistics and industrial real estate platform, has reported its strongest leasing performance to date in 2024. The company leased approximately 305,000 square meters of space, marking a significant milestone in its growth trajectory. Of this total, 225,000 square meters were secured under new contracts, representing an 82% year-on-year increase. The Group welcomed 22 new clients, while 20% of leasing activity came from existing tenants, further reinforcing its market strength.
The fourth quarter of 2024 was particularly robust, with the company signing a record 95,000 square meters in leases with new tenants—nearly double the volume reported in the same period of 2023. This leasing surge contributed to a notable drop in MLP Group’s vacancy rate to just 5%, down from 8%, well below the market average of approximately 8%.
“Both the final quarter and the full year were record-breaking for us, even though we do not chase volume for its own sake,” said Agnieszka Góźdź, Member of the Management Board and Chief Development Officer at MLP Group S.A. “As a developer, we focus on expanding exclusively in core locations across Europe, ensuring long-term and sustainable growth. We do not engage in opportunistic projects outside our strategic markets. This disciplined approach has enabled us to achieve record leasing results while extending the average lease term to 8 years—a testament to the success of our growth strategy.”
Leasing activity was concentrated in MLP Group’s logistics parks across Europe’s “Big Five” markets, with leased spaces ranging from 1,000 square meters to nearly 25,000 square meters. The average transaction size exceeded 7,000 square meters, reflecting strong demand from a diverse tenant base.
Looking ahead to 2025, the company remains optimistic about its continued expansion. “We will maintain our focus on growth in major metropolitan areas, which remains our strategic priority,” Góźdź added. “At the turn of the year, we launched projects totaling over 300,000 square meters in leasable space, with 30% already pre-leased under 10-year average lease terms. This significantly increases the likelihood of achieving full commercialization before construction is completed.”
MLP Group’s record performance is underpinned by its expanding portfolio and tenant-centric approach, which allows for customized, built-to-suit solutions. The company has also continued implementing its sustainability strategy, integrating environmentally friendly solutions and advanced technologies to enhance the long-term value of its assets.
In line with its “build & hold” strategy, MLP Group retains ownership of its logistics parks upon completion and manages them directly. All Group projects are characterized by prime locations, sustainable designs, and comprehensive tenant support, ensuring long-term stability and growth.
With its record-breaking 2024 performance and strong pipeline for 2025, MLP Group is poised to further solidify its position as a leader in the European logistics and industrial real estate sector.
