Press Information

30. 03. 2017

VGP NV (“VGP”) has been informed that a private placement of VGP shares belonging to VM Invest NV, will take place today. The shares will be placed with institutional investors by KBC Securities NV.

As a result, the trading in the VGP shares on Euronext Brussels will therefore be temporarily suspended today until the publication of the results of the private placement via a press release

28. 03. 2017

VGP announces that it has successfully closed the private offer in Belgium for bonds for an amount of € 80 million.

The 3.35% bonds, with a maturity date in 2025, will be issued on 30 March 2017.

More information on this private offer is set forth in the information memorandum dated 28 March 2017, available at

27. 03. 2017

VGP NV announces that it will issue bonds due 30 March 2025 for a maximum amount of € 80 million. The fixed rate of the bonds is 3.35% (gross) per year. The net yield equals 2.345% per year. The bonds will be issued in denomination of € 100,000.

The bonds will be placed with qualified investors on 28 March 2017 by means of a private placement.

The issue date is planned on 30 March 2017. The bonds will not be listed.

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

An information memorandum detailing the transaction and its terms, drawn up in English, can be obtained free of charge as from 28 March 2017 on the VGP NV website (

The proceeds of the bonds will be used to finance the development of new projects and for the expansion of VGP NV’s land bank (and/or its affiliates), and to accelerate the realisation of the development pipeline, to the extent that these are not financed by financial institutions.

24. 02. 2017

  • Profit for the year of € 91.3 million (+ € 4.7 million against 2015)
  • 69.3% increase of annualised committed leases to € 64.3 million[1] (+ € 26.3 million compared to 31 December 2015) with an additional € 1.9 million[2] lease contracts being signed during the first weeks of 2017
  • The weighted average term of the annualised committed leases of the combined own and Joint Venture portfolio stood at 10.3 years at the year-end (7.5 years as at 31 December 2015). The own portfolio reached 14.1 years and 7.8 years for the Joint Venture portfolio
  • The signed annualised committed leases at year end represent a total of 1,278,238 m² of lettable area of which 545,715 m² relates to the own portfolio and 732,523 m² to the VGP European Logistics joint venture
  • 14 projects delivered during the year representing 268,945 m² of lettable area. In addition, 17 projects under construction representing 381,041 m² of future lettable area
  • Strong entrance into the Spanish market with the acquisition of a state of the art brand new 185,000 m² warehouse (let under a long term lease contract) located in Barcelona and the acquisition of around 400,000 m² of development land in Madrid and Barcelona representing an aggregate investment of circa € 195 million
  • The acquisition of new development land during the year totalled 1,166,000 m² (including Spain) to support the development pipeline
  • Following the establishment of the 50/50 VGP European Logistics joint venture with Allianz Real Estate and the first closing at the end of May 2016 a second closing occurred at the end of October 2016 for a transaction value in excess of € 80 million
  • Net valuation gain on the investment portfolio reaches € 118.9 million (compared to € 104.0 million at the end of December 2015)
  • Successful placement of a new 7 year € 225 million retail bond on 22 September 2016
  • The Board of Directors has decided to convene an Extraordinary Shareholders’ Meeting[3] to propose a capital reduction in cash of € 20 million (€ 1.08 per share)

[1] Including VGP European Logistics (joint venture with Allianz Real Estate). As at 31 December 2016 the annualised committed leases for VGP European Logistics stood at € 38.6 million.
[2] Including € 1.2 million annualised committed leases contracted for VGP European Logistics
[3] The Extraordinary Shareholders’ Meeting is planned to be held on the date as the next General meeting of shareholders i.e. 12 May 2017.

More information: Annual Results 2016

21. 12. 2016

The pan-European investment and property Group VGP announces the acquisition of a large development land plot in San Fernando de Henares located close to the Madrid Barajas International airport.

The transaction consists in the acquisition of 223,000 m² of new development land on which VGP will be able to develop around 140,000 m² of new lettable area for future tenants.

Jan Van Geet, CEO of VGP, comments: “We are very happy to have been able to acquire a prime development location in Madrid and are keen to start our first developments during 2017. With the acquisition of the development land in San Fernando de Henares together with the acquisition of the logistics centre and surrounding industrial land plots in the Mango Logistics Park in Lliçà d’Amunt (Barcelona) announced yesterday, VGP now disposes of two very attractive development locations in the two main cities it targeted when entering the Spanish market.”

Press Contact

Petra Vanclová

VGP - industriální stavby s.r.o.

Červený dvůr
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Czech Republic

+420 226 212 001