EBRD Invests €67 million in VGP NV Green Bonds with Financing Earmarked for Hungary, Latvia, Romania and Slovak Republic
29 Avril 2021 - 07:00AM
EBRD Invests €67 million in VGP NV Green Bonds with Financing
Earmarked for Hungary, Latvia, Romania and Slovak Republic
Press
ReleaseRegulated Information
The European Bank for Reconstruction and
Development (“EBRD” or “the Bank”) has successfully subscribed to a
€67 million ticket as part of the inaugural eight-year €600 million
green bond issuance as announced 31 March 2021 by VGP NV (“VGP” or
“the Group”), a European provider of high-quality logistics and
semi-industrial real estate.
The Bank’s investment is earmarked to support
the development of sustainable semi-industrial and logistics parks
in Hungary, Latvia, Romania and the Slovak Republic.
The EBRD will further support VGP in exploring
opportunities arising from the future deployment of renewable and
low-carbon hydrogen and e-mobility technologies as well as the
advancement of circular design features in order to achieve a low
embodied carbon framework at the building level. These solutions
are highly innovative in the EBRD regions.
Furthermore, the EBRD engagement will support
the Group in creating new opportunities for staff training and
education, especially for young people, through a corporate-level
training programme consisting of a high-quality and accredited dual
learning component and an on-the-job traineeship initiative which
will enhance access to skills and employment for young people. The
programme will be piloted in Romania and subsequently replicated
across other VGP operations, including Hungary, Latvia and the
Slovak Republic.
Vlaho Kojakovic, EBRD Director, Property and
Tourism, said: “The Covid-19 pandemic has shown that more
resilient, sustainable supply chains and a better logistics
infrastructure are needed across the economies where the EBRD
invests. VGP is at the forefront of addressing this supply gap, as
well as in delivering sustainable real-estate needed to support new
consumption patterns and maintain increased inventory levels. By
investing in VGP’s green bond, the EBRD supports the development of
green, high-quality buildings and logistics infrastructure, in line
with the objectives of the EBRD’s Property and Tourism Strategy
2020-24 and the EBRD’s Green Economy Transition approach.”
Jan Van Geet, CEO of VGP, added: “As a
family-owned business we aim to think across generations and
therefore intend to operate in a responsible and sustainable
manner. We aim to build our business on the basis of mutually
prosperous, long term relationships by creating value and being a
trusted partner to both our customers and the communities in which
we operate. In this context we are delighted to partner with EBRD,
in developing sustainable industrial parks in economies where the
Bank invests.”
The EBRD is a major investor in Hungary, Latvia,
Romania and the Slovak Republic. To date, it has invested €15.5
billion in the four countries combined.
VGP also has a long standing presence in these
countries with a focus on the development and operation of large
multi-tenant business parks. As of December 2020, VGP had 13 parks
in the four countries combined representing a total of over 1.3
million m2 of gross leasable area including 375,000 m2 of buildings
completed, 75,000 m2 in buildings under construction and a further
880,000 m2 in development land.
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Karen Huybrechts(Head of Marketing) |
Tel: +32 (0)3 289 1432 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
ABOUT VGP
VGP is a pan-European developer, manager and
owner of high-quality logistics and semi-industrial real estate.
VGP operates a fully integrated business model with capabilities
and longstanding expertise across the value chain. The company has
a development land bank (owned or committed) of 7.65 million m² and
the strategic focus is on the development of business parks.
Founded in 1998 as a family-owned real estate developer in the
Czech Republic, VGP with a staff of over 260 employees today owns
and operates assets in 12 European countries directly and through
several 50:50 joint ventures. As of December 2020, the Gross Asset
Value of VGP, including the joint ventures at 100%, amounted to €
3.84 billion and the company had a Net Asset Value (EPRA NAV) of €
1.35 billion. VGP is listed on Euronext Brussels and on the Prague
Stock Exchange (ISIN: BE0003878957).
For more information, please
visit: http://www.vgpparks.eu
- 2021 04 29 VGP and EBRD invest in Romania, Slovakia, Hungary
and Latvia PR EN
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