European logistics and industrial real estate platform MLP Group has completed its debut senior green notes offering, raising €300 mln.
The offering was met with strong demand from global investors, resulting in multiple times oversubscription.
Citi and Santander Group acted as global coordinators and physical bookrunners for the issue. MLP Group successfully placed its first Eurobond offering in the international capital markets, with all offered senior green notes fully subscribed. The notes have a coupon of 6.125%, and a maturity date in 2029. Santander Group also served as the Sole Ratings and ESG advisor.
The proceeds from the offering will be used to finance or refinance eligible green projects in line with the company’s Green Finance Framework.
Radoslaw T. Krochta, president of the Management Board of MLP Group, said: ‘This demonstrates the strong level of trust global investors have in our strategy, which focuses on the development of modern warehouses in key markets in Europe. We have the most modern warehouse portfolio on the European market, with around 60% of our projects completed in the past five years, and 90% of our total projects being less than 10 years old. The funds raised will allow us to accelerate growth, with a strong focus on urban logistics and data centre projects.’
Monika Dobosz, CFO of MLP Group, added: ‘The notes were ultimately allocated to around 125 investors, primarily large asset managers, as well as pension and insurance funds. The green notes will play a crucial role in funding our strategic investments. Proceeds will be used to finance projects that deliver measurable environmental benefits and support our contribution to achieving sustainability goals.’
MLP Group is rapidly expanding its presence in the European logistics and industrial real estate market. The company's investment properties are now valued at over PLN 5 bn (nearly E1.2 bn).
All of its projects undergo rigorous BREEAM and DGNB certification processes to ensure compliance with international environmental protection standards.
Currently operating in Poland, Germany, Austria, and Romania, MLP Group boasts approximately 1 million m2. The Group has ambitious plans to achieve net zero carbon emissions by 2026.
MLP Group is accelerating its expansion in the German market to align with its strategic goals and investor expectations. The company aims to achieve a 30% allocation in Germany by 2028, balancing its portfolio. MLP Group is also focusing on developing small- to medium-sized warehouse units, which are highly sought after by investors.
