VGP Announces the Signature of its First Acquisition Project in France, with VALGO
30 Juin 2022 - 06:00PM
VGP Announces the Signature of its First Acquisition Project in
France, with VALGO
PRESS RELEASE
Regulated
Information
June 30, 2022, 18:00 CET,
Petit-Couronne, France: VGP NV (“VGP” or “the
Group”) and VALGO signed an agreement to purchase 32 hectares of
land that housed the former Petroplus refining units in
Petit-Couronne, near Rouen. This brownfield rehabilitation project
is fully in line with VGP's core expertise and strategy. Thanks to
the six years ownership of the site by VALGO and its expertise in
asbestos removal, soil and water table decontamination, in-situ
waste treatment and development, this area has now become a
suitable site for the development of new industries and business
activities.
On the banks of the river Seine and close to the
A13 highway, the 32-hectare area of land offers its future users a
highly strategic location. Following the extensive depollution work
carried out by VALGO, the site is now ready for redevelopment. VGP
expanded into France only a few months ago and is delighted to
start its French business activities in the dynamic Rouen Normandy
metropolis area, via this major project. In total, around 150,000
m² of land are set to be redeveloped to accommodate industrial and
logistics projects, with work due to begin in 2023.
Collaboration with local authorities is an
absolute priority for the Group, since development projects
directly impact their surroundings. In Petit-Couronne, the
revitalization of this brownfield site will therefore be an
opportunity to help stimulate the area in terms of employment and
so meet the economic and environmental challenges of the Rouen
region. Aurélien Coudert, General Manager of VGP France, is
delighted that the Group’s first steps in France are being taken in
partnership with VALGO and is convinced by the attractiveness of
the region and its development potential.
VGP and VALGO are also joining forces to
implement an ambitious and innovative environmental policy. Through
a policy of innovation serving clients and geographies, VGP puts
the challenges of energy efficiency, carbon footprint reduction and
sustainable buildings at the heart of its projects. The company is
committed to being carbon neutral by 2025 and is also aiming for
BREEAM Excellent building certification, as well as green energy
production on its projects. In addition, the VGP Foundation,
created in 2019, already supports 29 projects that address issues
around access to education, biodiversity preservation and the
protection of cultural heritage.
Jan Van Geet, CEO VGP:“VGP is
delighted to begin its business activities in France on a site as
exceptional as this one, with strong economic and environmental
ambitions that are shared by both our partner, VALGO, and the local
authorities. As the rehabilitation of brownfield sites is at the
heart of our business, this project is a great opportunity for us
to deploy our industrial and logistical know-how. The uncertain
geopolitical situation and the rise in transport prices mean that
companies are increasingly looking for local support to start their
business. In this context, we strongly believe in the relevance of
our integrated model with a long-term vision. We are now eager to
get to work and bring all the expertise of the Group to the
project."
François Bouché, CEO VALGO:"We
are delighted that this huge piece of land has been sold to a major
investor with experience in redeveloping brownfields in Europe.
However, I would first like to celebrate the work of the men and
women who worked so hard to make this colossal project a success.
It took more than 1 million hours and over €60 million in
investment by VALGO to turn the page on over 80 years of refining
on this site, which already employs 600 people.”
VGP is advised on this project by the legal practices Cheuvreux
(Eric Hervy), Ireo (Marine Javelle) and EOL (Jean-François
Mounic).
CONTACT DETAILS FOR INVESTORS AND MEDIA
ENQUIRIES
Investor Relations VGP |
Tel: +32 (0)3 289 1433investor.relations@vgpparks.eu |
Petra VanclovaExternal Communications VGP |
Tel: +32 (0)3 289 14 32petra.vanclova@vgpparks.eu |
Apolline ThomassetEsprit des Sens voor VGP |
Tel: +33 6 19 42 57 83 a.thomasset@eds-groupe.com |
Caroline CazanaveVALGO |
Tel: +33 6 98 35 08 99 caroline.cazanave@valgo.com |
ABOUT VGP AND VALGO
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 11.28 million m² and the strategic focus is on the
development of business parks. Founded in 1998 as a Belgian
family-owned real estate developer in the Czech Republic, VGP with
a staff of circa 360 FTEs today operates in 16 European countries
directly and through several 50:50 joint ventures. As of December
2021, the Gross Asset Value of VGP, including the joint ventures at
100%, amounted to € 5.75 billion and the company had a Net Asset
Value (EPRA NTA) of € 2.33 billion. VGP is listed on Euronext
Brussels (ISIN: BE0003878957). For more information, please visit:
http://www.vgpparks.eu
VALGO is an international SME
that has been working in the environmental sector since 2004 and is
headquartered in France. VALGO, "Doctor to the earth and
buildings", has set itself a mission to heal the earth and
revitalize brownfields and industrial sites while preserving
biodiversity, through its unique model: VALGOrisation. Created
by VALGO, this unique model integrates all the links in the value
chain into a turnkey solution that allows key accounts and public
and private organizations to upgrade their environmental deficit
and create sustainable projects that also respect business
considerations. To date, more than a thousand clients have trusted
us to make their projects environmentally responsible and
economically sustainable. With target revenues of €100 million in
2022, VALGO ensures its business mission remains local through its
12 offices in France (including 1 on Reunion Island) and its 6
international subsidiaries, working for key accounts with the aim
of spreading its unique expertise as a "Doctor to the Earth" and
providing solutions for a more sustainable
world. www.valgo.com
- 20220630_PR_VGP announces the signature of its first
acquisition project in France with VALGO._EN_DEF
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