Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Belgium
  4. Euronext Bruxelles
  5. VGP NV
  6. News
  7. Summary
    VGP   BE0003878957

VGP NV

(VGP)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

VGP : announces the purchase of the land of the La Naval shipyard in Bilbao and the initiation of the industrial, technological and sustainable reconversion.

11/30/2021 | 02:01pm EST

VGP announces the purchase of the land of the La Naval shipyard in

Bilbao and the initiation of the industrial, technological and

sustainable reconversion.

Bilbao, 30 November 2021. VGP, developer, manager and owner of high-quality industrial assets, announces that it has formally acquired the site comprising the former La Naval shipyard on the Bilbao estuary.

The industrial area revitalisation project covers 280,000 m² of land, including the existing industrial buildings, dry docks and offices of the former shipyard. VGP closes the liquidation

process of the plot in the municipality of Sestao, located directly on the

Bilbao Estuary,

following the judicial/bankruptcy approval of the asset liquidation plan of

Construcciones

Navales

del

Norte,

S.L.,

initiated

on

18

December

2020.

VGP's plan for a new park, with a primary focus on industrial activities, will maintain existing elements and heritage buildings in order to preserve the iconic features of the former shipyard. The resolution of the licences and authorisations are being processed in close collaboration with all the administrations involved.

"For VGP, the process of adapting the facilities to the industrial activity of the 21st century necessarily involves attending to the local business fabric and projecting profitable and sustainable growth, in terms of employment as well as the environment", says Joan Lacosta, Country Manager VGP Spain.

VGP's commitment to developing a benchmark industrial project based on compliance with the requirements of sustainable and energy-efficient construction includes the objective of obtaining BREEAM certification for the future park.

VGP and its growth in Spain

VGP started operating in Spain in June 2015. Since then, it has closed the acquisition of more than one million square metres of industrial land in Madrid, Barcelona, Zaragoza, Valencia, Seville and now in Sestao. Backed by its experience as a group operating in 14 European countries, it currently has a total built-up area in the country of more than 300,000 m², giving real proof of the company's commitment and confidence in the development of new industrial and logistics projects of reference in Spain's most important industrial centres.

1

VGP has set several objectives that will allow the company to achieve carbon neutrality by 2025.

DownloadVGP Corporate Responsibility Report 2020

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 10.49 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 350 employees owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of June 2021, the Gross Asset Value of VGP, including the joint ventures at 100%, amounted to € 4.48 billion and the company had a Net Asset Value (EPRA NTA) of € 1.51 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).

For more information, please visit: http://www.vgpparks.eu

2

Disclaimer

VGP NV published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 19:00:05 UTC.


ę Publicnow 2021
All news about VGP NV
01/11VGP : Company Presentation Jan 2022
PU
01/10VGP Sells $1.1 Billion Green Bonds in Two-Tranche Deal
MT
01/10VGP NV : Successfully Issues Ç 1.0 Billion Senior Unsecured Green Bonds Across Two Tranche..
AQ
01/05Belgium's VGP Forecasts Higher Levels of Development in 2022
MT
01/05VGP NV : Pan European Expansion and Stronghold Germany Lead to an Absolute Record in Leasi..
AQ
01/04Allianz, VGP Take On European Logistics Sector With New Joint Venture
MT
01/04VGP, Allianz Real Estate Form $3.2 Billion Logistics Joint Venture
MT
01/04VGP NV : Allianz and VGP expand relationship with new European logistics joint venture
AQ
01/04Allianz Real Estate and VGP Expand Relationship with New European Logistics Joint Ventu..
CI
01/03VGP NV : Crossing thresholds
CO
More news
Financials
Sales 2021 41,0 M 46,5 M 46,5 M
Net income 2021 422 M 478 M 478 M
Net Debt 2021 1 139 M 1 292 M 1 292 M
P/E ratio 2021 11,9x
Yield 2021 1,63%
Capitalization 5 305 M 6 017 M 6 016 M
EV / Sales 2021 157x
EV / Sales 2022 74,3x
Nbr of Employees 300
Free-Float 34,9%
Chart VGP NV
Duration : Period :
VGP NV Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VGP NV
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 243,00 €
Average target price 245,00 €
Spread / Average Target 0,82%
EPS Revisions
Managers and Directors
Jan van Geet Chief Executive Officer & Executive Director
Dirk Stoop Chief Financial Officer
Bart van Malderen Chairman
Miquel-David Martinez Chief Technical Officer
Ann Gaeremynck Independent Director