MLP Group signs new lease with Stook Concept at MLP Bucharest West

MLP Group has signed a new lease agreement with  Stook Concept at its MLP Bucharest West logistics park in Romania, continuing the expansion of the developer’s flagship industrial project near Bucharest.

The Romanian company has leased a 3,600 sqm unit in building C2, comprising approximately 3,500 sqm of warehouse space and 100 sqm of office accommodation. The building is currently in the final stages of construction, with delivery scheduled later this quarter. Colliers advised Stook Concept during the leasing process.

Founded in 2023 and headquartered in Bucharest, Stook Concept operates in the e-commerce and retail sectors, focusing on consumer brands and non-food products. The company distributes products through online platforms including eMAG Marketplace and Altex Marketplace, while also developing its own brands.

Olga Melihov, Country Head Romania at MLP Group, said the tenant selected the park due to the quality of the logistics space, flexible leasing conditions and the location’s connectivity for distribution operations. She added that Romania remains a strategic growth market for the company as it continues to expand its logistics platform.

Robert Alesu, CEO of Stook Concept, said the new facility would support the scalability of the company’s operations and improve its ability to serve customers and partners.

Dan Dragomirescu of  Colliers Romania said the lease reflected continued demand for modern logistics space in well-connected locations around Bucharest.

Buildings C1 and C2 form part of the fourth phase of development at MLP Bucharest West. Each building will provide 10,600 sqm of space. The first three phases of the project delivered approximately 58,700 sqm, which the developer said is fully leased.

Located in the Chitila area in north-west Bucharest, near the city’s ring road, the Class A logistics project is being developed on an 18.3-hectare site. Once completed, the park is expected to provide approximately 99,000 sqm of warehouse space. The development is designed to meet BREEAM environmental certification standards.

MLP Group continues to operate under its long-term “build & hold” strategy, retaining completed assets within its portfolio and managing them directly.