Press Information

31. 08. 2015

During the first half of 2015 VGP continued to perform strongly with development and leasing activities reaching record levels.

  • Profit for the period of € 32.2 million (compared to 30.0 million on a like for like basis[1] as at 30 June 2014)
  • 46.5% increase of committed annualised rent income to € 33.1 million (+ € 10.5 million compared to 31 December 2014)
  • 71.6% growth in gross rental income (+ € 2.9 million) to € 7.0 million
  • The signed committed lease agreements at year end represent a total of 614,477 m² of lettable area with the weighted average term of the committed leases standing at 7.9 years at the end of June 2015 (7.8 years as at 31 December 2014)
  • 8 projects delivered during the first half of 2015 representing 98,567 m² of lettable area
  • 19 projects under construction representing 322,014 m² of future lettable area
  • 954,000 m² of new development land plots committed to expand land bank and support development pipeline and which are expected to be acquired during the second half of 2015
  • Net valuation gain on the investment portfolio reaches € 48.1 million (against € 40.9 million at the end of June 2014)
  • The fair value of the investment property and the investment property under construction (the “property portfolio”) as at 30 June 2015 increased with 21.0% (+ € 87.4 million) to a record level of € 503.5 million compared to € 416.1 million as at 31 December 2014
  • Establishment of presence in Spain with the opening of a new office in Barcelona and with first offers on land initiated

[1] The net profit as at 30 June 2014 included the estimated € 13.4 million profit on the sale of the associates’ portfolio (VGP CZ I & IV and II). The sale of these portfolios was completed in October 2014.

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01. 05. 2015

Warehouse and Logistics smallGermany remains growth leader of the VGP Group

The company achieved profits of € 49.4 million, nearly doubling the € 25.1 million earned in the previous year. The market value of the investment portfolio also rose from € 225.8 million (as at 31 December 2013) to € 416.1 million (as at 31 December 2014). This equates to 84.3% growth in value and stems from investment properties as well as projects currently under construction.

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01. 05. 2015

P Malacky ns 05 03 smallIn the first quarter of this year, VGP acquired four important clients for VGP Park Malacky in Slovakia. Committed lease contracts concluded in this period represent 34,730 m² of lettable area. One of the new clients is Volkswagen, for which a distribution centre will be developed with an area of more than 20,000 m². It is possible this may be expanded in future by a further 5,000 m². The distribution centre will employ 230 people and be tailored to suit Volkswagen’s requirements.

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01. 05. 2015

P Brucna Faiveley 3D 08F 04 smallIn the Přestanov Park just outside Ústí nad Labem, construction of a production hall for SSI Technologies was initiated at the end of April. SSI Technologies is a US manufacturing company established in 1982 with headquarters in Janesville, Wisconsin.

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24. 04. 2015

P Hamburg ns 011 01 smallIn 2013, VGP signed a contract for the purchase of plots of land in the location of Rodgau and in spring 2014, its portfolio increased by 51 hectares in Hamburg.

With this step, the Group continues its strategy of strengthening its position on the territory of Germany.

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Press Contact

Petra Vanclová

VGP - industriální stavby s.r.o.


Červený dvůr
Jenišovice 59 CZ-468 33,
Czech Republic

+420 226 212 001