Press Information

09. 05. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, is preparing to launch the construction of its first industrial logistic park in central Slovakia near the city of Zvolen. The park will feature three new industrial buildings covering an area of 53,000 m2 of the top standard A class premises for rent. VGP Park Zvolen will be situated on the north-western border of the city of Zvolen, thus expanding the industrial and retail zone with well-developed road infrastructure and access to public transport. The park can be accessed from route I/66, which connects to route R1 near the premises.

“Preparations and permitting processes are already in motion and, we expect the construction will begin by the end of 2019, so that the first building/hall is finished in the first half of 2020,” explains Tomáš Bednár, Country Manager of VGP - industriálne stavby, s.r.o.

“We see huge potential in this area. Zvolen is a strategic point for road and railway transport,” points out Tomáš Bednár. “We aim to be one of the first developers who brings the concept of modern industrial and logistic premises for rent to this location, as the majority of such buildings are situated in western Slovakia. Another advantage is available workforce, which is above average in this region compared to other regions in Slovakia,” adds Tomáš Bednár.


11. 04. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, announces the successful acquisition of 87,000 m2 of development land in Borchwerf (Roosendaal), the Netherlands. The new VGP Park will offer 50,000 m2 of class A premises suitable for logistics, production and commercial activities. Construction activities have started immediately.

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09. 04. 2019

- Marek Šebesťák, Alexander Saverys and Jos Thys to retire after 12 years of exemplary service
- Ann Gaeremynck, Katherina Reiche and Vera Gäde-Butzlaff to be proposed as replacements at Annual Shareholders Meeting on 10 May 2019


VGP NV (‘VGP’ or ‘the Group’) distributed today the Convocation for the upcoming Annual Shareholders’ Meeting and announced that the Board of Directors have nominated Mrs. Ann Gaeremynck, Mrs. Katherina Reiche and Mrs. Vera Gäde-Butzlaff for appointment as new independent board members. The Annual Meeting will be held on 10 May 2019.

Jan Van Geet, CEO of VGP, said: “Following twelve years of exemplary service, the mandate of our current independent board members, Marek Šebesťák, Alexander Saverys and Jos Thys will come to an end at the upcoming Annual Shareholders Meeting and we would hereby like to express our sincere gratitude for their helpful insights, efforts and ever-lasting enthusiasm.”

Upon approval of the proposed appointments by the Annual Shareholders’ Meeting of Mrs. Ann Gaeremynck, Mrs. Katherina Reiche and Mrs. Vera Gäde-Butzlaff, the term of office will become effective as of 10 May 2019. In replacement of Mr. Marek Šebesťák, Mr. Bart van Malderen will assume the role of Chairman of the Board of Directors.

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09. 04. 2019

VGP Group has published its Annual Report of 2018. If you are interested in receiving the print copy of the report, please subscribe to petra.vanclova@vgpparks.eu

Annual Report in English

Annual Report in Dutch


01. 04. 2019

VGP NV ('VGP' or 'the Company') announced that today it has successfully completed a fifth closing with VGP European Logistics, its 50/50 joint venture with Allianz Real Estate. The transaction comprised of 9 logistic buildings, including 3 buildings each in a new VGP park and another 6 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.

The 9 buildings are located in Germany (5) and in the Czech Republic (4).

The transaction value is € 203 million, which includes some future development pipeline. The net proceeds from this transaction (including disposed cash) amounts to circa € 130 million.

The net proceeds will be used for financing of existing projects under construction and new projects which will be started-up shortly and for the acquisition of new development land.

Following the completion of this fifth closing the Joint Venture's property portfolio consist of 77 completed buildings representing over 1.5 million m² of lettable area, and a gross asset value ("GAV") of € 1.56 billion.

The Joint Venture has € 950 million of committed bank facilities maturing in May 2026 which are drawn for €694 million. The bank debt is fully hedged and the weighted average cost of debt amounts to 2.01% per annum. The Loan to Value of the Joint Venture stands at 51.1% after the fifth closing.

The increase in the Joint Venture portfolio should have a further positive impact on the fee income generated by the asset-, property-, and development management services rendered by VGP to the VGP European Logistics joint venture.


Press

Petra Vanclová

VGP - industriální stavby s.r.o.


Rohanské nábřeží 693/10
CZ-186 00, Praha 8
Czech Republic

+420 226 212 001