The Stokrotka retail chain will launch a new distribution center at the MLP Lublin logistics park. The company, part of the Emperia Capital Group, has leased nearly 6,000 sqm, which will be made available at the end of this year. The signed agreement includes an option to expand the space by another 6,000 sqm. CBRE advised on the transaction.
Stokrotka Sp. z o.o., representing the retail part of the Emperia Capital Group, has signed an agreement with MLP Group for the lease of nearly 6,000 sqm of space at the MLP Lublin logistics park. Of this, nearly 5,700 sqm will be used for warehouse purposes, of which approximately 4,000 sqm will consist of cold storage. The remaining 300 sqm will be used for social and office needs. According to the arrangements, the facility will be made available for use at the end of this year. The terms of the agreement also include an option for Stokrotka to increase the leased space by another 6,000 sqm. CBRE advised on the concluded transaction.
– We are very pleased to begin cooperation with the operator of one of the largest retail chains in Poland. Especially since the signed agreement is developmental in nature and allows for the expansion of the leased space in the future – emphasized Radosław T. Krochta, General Director and Vice President of the Management Board of MLP Group S.A. – The signed agreement is also a confirmation of our strategic assumptions related to the projected growth in investor interest in modern warehouse space in the eastern part of the country. We are convinced that the developing MLP Lublin logistics park will attract further entities wishing to invest in this region.
The modern facility being built for Stokrotka will serve as a distribution center serving stores in the east of the country.
– Until now, they were supplied from our center near Warsaw located in Teresin. Now they will also be served from a warehouse operating on-site, which will positively affect logistics costs and the quality of logistics processes – stated Dariusz Kalinowski, President of Emperia Holding S.A. The Stokrotka retail chain currently has over 260 supermarkets and markets located in residential areas, mini-centers, and shopping malls across the country, with the largest number located in eastern Poland. Stokrotka’s logistics structure consists of a central warehouse in Teresin and nine regional warehouses. These perform transshipment functions and will be gradually replaced by distribution centers such as the one being built in MLP Lublin.
– The Eastern Poland region currently has a small supply of modern warehouse space. At the end of Q1 2015, the total supply of warehouse space in the vicinity of Lublin amounted to only 24,000 sqm, while another 35,000 sqm was under construction. Growing interest in Lublin among tenants and the shortage of available space suggests that the coming years will bring dynamic growth in development activity in the region. The development of the warehouse market in the Lublin area will be supported by the improving state of road infrastructure and the promotion of the city as an investor-friendly place – comments Beata Hryniewska, Director in the Industrial and Logistics Department at CBRE.
MLP Lublin is being developed in the Lublin subzone belonging to the Euro-Park Mielec Special Economic Zone. The logistics park is located by the Lublin bypass. The target leasable area of MLP Lublin will be approximately 55,000 sqm. A complex of warehouse, production, and office facilities will be built on the site, along with technical infrastructure, common areas, and a communication layout.