VGP enters the Budapest market by purchasing a 38 ha development site at the strategic location of Üllő, adjacent to Budapest Liszt Ferenc International Airport. The development potential of VGP Park Budapest Aerozone is approx. 125,000 sqm.

Felix Stroe is the new Operational Country Manager of VGP Romania starting October 1st. He is an experienced civil engineer with extensive experience in construction management. 

Industrial and logistics developer VGP recorded a net profit of €203.8 million in the first half of 2021. VGP announced its financial and operational results for H1 2021.

VGP has announced the appointment of Gergely Somogyi as Commercial Director for VGP Hungary. With Gergely's arrival, Laszlo Balogh will be able to focus more on land acquisition and development of new plots to support the strong demand and future development on the Hungarian market.

VGP and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful eighth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprised of four logistic buildings, including two buildings in a new VGP park and another two newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture. The four buildings are located in Germany (three) and in the Czech Republic (one).

VGP has signed two lease agreements with OKAY, the Czech electronics and furniture retailer. The company has leased more than 50,000 sqm of warehouse space in VGP parks Vyškov and Prostějov. The new hall in Vyškov is already under construction and will be handed over in September this year, at which point the park will reach 100% occupancy. The building in Prostějov will be ready for use from January 2022. Both projects are being carried out under BREEAM Sustainable certification, level Very Good.

Logistics developer VGP has announced the appointment of Dana Bordei as Commercial Country Manager for VGP Romania. Dana, who started with VGP at the end of April 2021, will be responsible for the further development of VGP ́s portfolio of logistics- and semi-industrial facilities on the Romanian market.

VGP has launched construction of the fifth hall in its logistic park VGP Park Pilsen, located in an industrial part of the city’s Bručná quarter. The park is adjacent to the E49 and has access to the D5 motorway. On a land of about 10 hectares, VGP offers nearly 50,000 sqm of lettable area suitable for light manufacturing, logistics and accompanying commercial activities. Tenants of the new warehouse will be DHL Express, leasing 1,113 sqm, as well as Verhoek Europe with 2,170 sqm of logistics space.

The European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €67 million ticket as part of an inaugural eight-year €600 million green bond issuance by VGP NV, a pan-European provider of logistics and semi-industrial real estate. EBRD’s investment will support the development of sustainable semi-industrial and logistics parks in Hungary, Latvia, Romania and the Slovak Republic.

VGP has launched the construction works for a new technological park near South Bohemian metropolis. VGP Park České Budějovice will be located in a commercial zone named Světlík directly at the edge of the city with excellent road and public transport links to the city centre and direct access to the D3 motorway connecting Prague with the Austrian city of Linz. On a land area of about 37 hectares, the site will offer more than 126,000 sqm of lettable area suitable for logistics and light manufacturing.