"The Bank’s investment will support VGP in developing and acquiring sustainable industrial and logistics parks in Croatia, Czechia, Hungary, Romania, Serbia and the Slovak Republic," the EBRD said in a press release.
The tap issuance will increase the size of the original 500 million euro senior unsecured five-year green bonds issued in March 2025 and maturing on January 29, 2031, bringing the total outstanding amount to 576 million euro.
EBRD proceeds will be allocated towards EU-taxonomy-compliant assets. This will contribute to improving the sustainability performance of industrial real estate in central and southeastern Europe, a market which remains undersupplied with A-class logistics stock and where EU-taxonomy-compliant buildings are scarce, as per the press release.
"We are very pleased with the EBRD’s continued trust in VGP through this green bond investment. This support enables us to further advance the development and acquisition of sustainable logistics and industrial facilities across key markets in central and southeastern Europe," Jan Van Geet, CEO of VGP, said adding that these regions face growing demand for modern, efficient logistics infrastructure.
Through this partnership, VGP aims to deliver buildings that meet high quality environmental performance standards and support the ongoing decarbonisation of the real estate sector, according to him.
VGP was founded in 1998 as a family-owned Belgian property developer in the Czech Republic and operates in 18 European countries directly and through several 50:50 joint ventures. The company is listed on Euronext Brussels.
(SeeNews, May 20, 2025)