Press Information

03. 07. 2017

VGP has sold its VGP Park Nehatu located in Tallinn (Estonia) for € 54 million to East Capital Baltic Property fund III, a fund managed by East Capital.

The transaction covers a total of 5 modern logistics buildings with a total of more than 77,000 m2 of lettable area.

Jan Van Geet, CEO of VGP, said: “This deal underlines the quality of what we have realised in the past few years in Estonia and we are particularly pleased that we have been able to conclude this transaction with East Capital. This transaction marks the second transaction with East Capital in Estonia, the first one being the sale in 2012 of newly built logistic properties totalling 40,000 m² located on the south side of Tallinn. The transaction will allow us to further expand our activities in our other more core markets i.e. Germany, Eastern Europe and Spain.”

The sale to East Capital is scheduled for completion during the third quarter of 2017, subject to the fulfilment of contract terms and regulatory approval.


23. 06. 2017

VGP announces that the public offer in Belgium for a retail bond has been closed, in consultation with the Lead Manager, KBC Bank NV, after the first day of the subscription period because the maximum amount of € 75 million was largely achieved.

The Lead Manager received a total amount of subscriptions that is more than 3.5 times higher than the maximum issue amount expected of € 75 million. For this reason, subscriptions will be reduced accordingly. The investors will receive more information in this regard via their financial intermediary. The bonds will be issued on 6 July 2017 and will be admitted to trading on the regulated market of Euronext Brussels.

More information on this public offer is set forth in the prospectus published by VGP NV on 21 June 2017 and as approved by the Financial Services and Markets Authority (“FSMA”) on 20 June 2017 and available at www.vgpparks.eu and www.kbc.be/vgp.


21. 06. 2017

VGP NV announces that it makes a public offer in Belgium of retail bonds due 6 July 2024 for an expected amount of minimum € 50 million and maximum € 75 million.

The fixed rate of the bonds is 3.25% (gross) per year. The net yield equals 2.120% per year.

The bonds will be issued in denomination of € 1,000. Retail investors will be charged a subscription fee of € 10 per bond. The subscription period runs from 23 June 2017 until and including 30 June 2017, subject to early closing. The issue date is planned on 6 July 2017. Application has been made for the bonds to be listed on the regulated market Euronext Brussels and to be admitted to trading on the regulated market of Euronext Brussels.

KBC Bank NV will act as sole manager and bookrunner for this issuance.

A full prospectus detailing the transaction and its terms, drawn up in Dutch and English, as well as a French translation of the summary of such prospectus, can be obtained free of charge as from 21 June 2017 (before opening of the stock exchange) from VGP NV’s head office, and may be consulted as from 21 June 2017 on the VGP NV website (www.vgpparks.eu) and in each branch of KBC Bank or CBC Banque, Bolero (www.bolero.be), via the Regional Advice Centres and on the website (www.kbc.be/vgp).

The proceeds of the bonds will be used to repay all outstanding debt of VGP NV under the EUR 75 million fixed rate bond maturing on 12 July 2017.

MORE INFORMATION


29. 05. 2017

The European real estate group VGP aims at developing future-oriented industry and logistics parks through the purchase of more land plots into its project portfolio. Now, VGP has recently acquired new development land plots in Berlin West Wustermark, Göttingen and Wetzlar with a potential total lettable area of 148,000 m².

Read more

10. 04. 2017

Three long-term lease agreements for VGP Park Hamburg

In the first quarter of 2017 three companies have signed long-term lease agreements for the VGP Park Hamburg. The international operating shipping company Karl-Heinz-Dietrich GmbH moves into a newly constructed building, which offers more than 17,100 m² logistics space and 278 m² office space. Previously, the forwarder already occupied more than 5,700 m² of storage and 160 m² of office area in the building of the park that is located directly at the federal motorway A1 to Bremen. CHEP, a supplier for pooling services for industrial pallets, further expands their capacities to 8,300 m². Lastly, the shipping company Dirk Vollmer GmbH secured themselves 13,700 m² logistics and 500 m² office space for the first time. A cross dock storage will take up 8,400 m² of their space in order to enable a fast turnover for the company. In total, the new long-term lease agreements that were concluded for the VGP park Hamburg provide more than 34,000m² of rental area. The entire rental space of VGP Park Hamburg after completion will make up about 250,000m².

USM at VGP Park Leipzig

Furthermore, there are also new tenants in Leipzig: as the location offers better connections the office furniture manufacturer USM will move from Baden-Wuerttemberg to Leipzig into a VGP park at the new exhibition grounds in summer 2017.


Press Contact

Petra Vanclová

VGP - industriální stavby s.r.o.


Červený dvůr
Jenišovice 59 CZ-468 33,
Czech Republic

+420 226 212 001