VGP NV
OTC:VGPBF
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VGP NV
In the world of logistics and real estate, VGP NV stands out as a dynamic player specializing in the development and management of industrial parks. Founded in 1998 by Jan Van Geet, the company has carved a niche for itself by focusing on the development of high-end commercial real estate. It operates primarily across Europe, notably in countries like Germany, the Czech Republic, and Spain. VGP NV harnesses strategic locations and leverages its deep expertise in real estate to provide modern, sustainable logistics and semi-industrial buildings. These facilities are tailored for diverse sectors, ranging from e-commerce to automotive, offering the infrastructure needed for companies to excel in a rapidly evolving market landscape.
The financial lifeblood of VGP NV is its build-and-hold strategy, which involves the development of industrial parks that are either leased out to clients or sold to institutional investors. Revenue streams flow from rental income, development fees, and the strategic sale of assets. The company smartly collaborates with partners, often through joint ventures, which allows it to balance financial risk while maximizing growth potential. Moreover, VGP NV's focus on sustainability and state-of-the-art facilities helps attract a robust clientele, ensuring a steady demand for its properties. This approach not only cements its reputation as a reliable developer but also positions VGP NV as a critical enabler in the supply chain industry, where efficiency and location are paramount.
In the world of logistics and real estate, VGP NV stands out as a dynamic player specializing in the development and management of industrial parks. Founded in 1998 by Jan Van Geet, the company has carved a niche for itself by focusing on the development of high-end commercial real estate. It operates primarily across Europe, notably in countries like Germany, the Czech Republic, and Spain. VGP NV harnesses strategic locations and leverages its deep expertise in real estate to provide modern, sustainable logistics and semi-industrial buildings. These facilities are tailored for diverse sectors, ranging from e-commerce to automotive, offering the infrastructure needed for companies to excel in a rapidly evolving market landscape.
The financial lifeblood of VGP NV is its build-and-hold strategy, which involves the development of industrial parks that are either leased out to clients or sold to institutional investors. Revenue streams flow from rental income, development fees, and the strategic sale of assets. The company smartly collaborates with partners, often through joint ventures, which allows it to balance financial risk while maximizing growth potential. Moreover, VGP NV's focus on sustainability and state-of-the-art facilities helps attract a robust clientele, ensuring a steady demand for its properties. This approach not only cements its reputation as a reliable developer but also positions VGP NV as a critical enabler in the supply chain industry, where efficiency and location are paramount.
Pretax Profit: Pretax profit reached EUR 208.6 million, up 35% year-on-year, driven by strong recurring rental income and development activity.
EBITDA Growth: EBITDA increased by 31.7%, with significant contributions from both recurring rental and development businesses.
Record Leasing: Achieved a historic record of EUR 56.1 million in new and renewed leases, with 822,000 square meters signed and a robust pipeline ahead.
Occupancy & Pre-Lets: Portfolio occupancy remained high at 98%, with 76% of the development pipeline pre-let, and e-commerce demand rebounding.
Balance Sheet & Liquidity: Balance sheet surpassed EUR 5 billion; nearly EUR 1 billion in liquidity and access to undrawn credit lines.
Debt & Ratings: Issued EUR 576 million in new bonds, extended maturities, repaid maturing debt, and secured a BBB- rating with stable outlook from S&P.
Renewable Energy: Renewable energy income grew over 70% to EUR 6.5 million, with capacity up 20% and energy production up 50% year-on-year.
Guidance & Outlook: Management expects to start more construction in the second half of the year without lowering pre-let ratios, and plans more asset transfers to joint ventures.
