Press Information

29. 11. 2018

VGP NV (‘VGP’ or ‘the Group’) today announces the successful acquisition of a warehouse let to a reputable automotive supplier in Graz, Austria. The new warehouse has a size of circa 17,000 SQM of gross lettable area and is leased under a long term contract. The transaction also consists of around 9 hectares of additional development land.

Jan van Geet, CEO of VGP, commented: “We are very pleased with this transaction as this building, with the adjacent development land, gives us a good starting footprint in the Austrian market, which we will cover out of our offices in Germany for now.”

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23. 11. 2018

VGP NV (‘VGP’ or ‘the Group’) today publishes a trading update for the period 1 July 2018 until 31 October 2018.

Jan van Geet, CEO of VGP, said: “We continue to see very supportive trends in all our European markets. During the quarter we sold the Mango building in Spain taking advantage of this strong market backdrop whilst improving our Group’s risk profile. The gross proceeds are being reinvested in land acquisitions and the realisation of our development pipeline.

We also managed to successfully close a bond offering and thereby extend our debt maturity profile significantly. I am very pleased with the strength of our balance sheet and our ability to invest in the future of our company.”

Jan van Geet continued: “For Amazon we delivered a second logistics centre, a facility with ultimately up to 80,000 sqm warehouse space at our extended park in Göttingen, Germany and BMW signed-up for our Munich site at Parsdorf for the development of a new warehouse for their Forschungs- und Innovationszentrum (FIZ), a main engineering and development campus, subject to achieving the necessary permits.”

Our land bank remains one of our strongest assets and we are pleased that we have been able to increase the size by securing additional strategically located sites across Europe including in Spain, Italy, Romania, Germany, Czech Republic and Slovakia.”

Jan van Geet concluded: “Our new matrix organization has been successfully rolled-out, each country is managed by a dedicated country team supported by extended Group functions including CIO office, Group Control, Investor Relations and Marketing. This streamlined organizational structure gives us the platform to deliver on our goals.

And we are excited to be expanding again, as we are soon opening an office in Portugal. This will bring the number of European countries in which we are active to twelve. We have seen a number of interesting opportunities in Portugal and we are in discussions about first plots in the Lisbon and Porto regions.”

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05. 10. 2018

VGP NV (‘VGP’ or ‘the Group’,) today announced it has moved into new corporate offices in Antwerp, Belgium. In addition to the Group’s head office functions, VGP will also use the offices, at Uitbreidingstraat 72, 2600 Antwerp (Berchem), Belgium, as its hub for business expansion into the Benelux.

VGP today also announced that Martijn Vlutters has joined VGP as Vice President Business Development and Investor Relations, effective 1 October, 2018. In this role, he will be responsible for communication to the financial markets, as well as for crafting financial plans and analysing acquisitive growth opportunities.

Before joining VGP Martijn worked 13 years at J.P. Morgan based in London and New York. He held various roles in Capital Markets and Corporate Finance, and he spent two years in New York as Vice President Investor Relations for J.P. Morgan Chase & Co. Martijn will be based in Antwerp and will report to the Group’s Chief Executive Officer, Jan Van Geet.

26. 09. 2018

VGP NV (‘VGP’ or ‘the Group’) today announced the completion of the sale of the Mango Global Distribution Centre located in its VGP Park Mango at Lliçà d’Amunt, Barcelona (Spain).

The gross proceeds of the sale amount to € 150 million and will allow VGP to realise a significant capital gain on the building compared to the acquisition price. The net proceeds will be reinvested in the further expansion of VGP’s development pipeline.

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13. 09. 2018

VGP Park Hamburg at full capacity, new properties added in Rhein-Main area

The VGP Park in Berlin-Ludwigsfelde has new tenants. Global real estate service provider CBRE negotiated an agreement with DefShop GmbH to sign a lease for 20,000 square meters of warehouse- and 700 square meters of office space. Founded in 2006, the company is now one of the largest online distributors of streetwear. The lease began July 1, 2018.

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Petra Vanclová

VGP - industriální stavby s.r.o.

Červený dvůr
Jenišovice 59 CZ-468 33, Jenišovice u Jablonce nad Nisou
Czech Republic

+420 226 212 001