VGP : continues its growth path in Italy and announces two new acquisitions in the northern area of Milan

VGP CONTINUES ITS GROWTH PATH IN ITALY AND ANNOUNCES TWO NEW

ACQUISITIONS IN THE NORTHERN AREA OF MILAN

VGP's investment strategy in Italy continues with the acquisition of two brownfields and the start of works for the business parks in Paderno Dugnano and Legnano in the Milan area.

Segrate, Milan - 15 February, 2022 - VGP, a European company in the Real Estate sector that builds and supplies high-quality logistics and semi-industrial parks, announces two important acquisitions in the area north of Milan, VGP Park Milano Paderno Dugnano and VGP Park Legnano.

With more than 450.000 m2 of owned areas and after having closed 2021 with the full occupancy of its current properties, VGP Italy expands further and brings to 6 the number of its business parks, 4 of which in Lombardia, after VGP Park Calcio (BG) and VGP Park Sordio (LO).

The new VGP Park Legnano, in the province of Milan, will extend over an area of about 50,000 m², with a maximum leasable area of 24,500 m² for warehouses, offices, and parking areas.

VGP Park Paderno Dugnano, will be developed on an area of about 95,000 m² and will include a maximum leasable area of 44,000 m² also here for warehousing, annexed offices and parking areas.

"With these two new investments we further consolidate our presence in Northern Italy and Lombardia" - said Agostino Emanuele, Country Manager VGP Italy - "We are proud to inaugurate 2022 expanding our offer with prime locations, a team of professionals, and high standards of energy efficiency and sustainability. We are constantly working without neglecting the profound changes that are involving the market, such as the last mile logistics that continues to record a positive trend, boosted by growing elements such as e-commerce and technological innovation, as well as the establishment of manufacturing companies in strategically positioned areas. With VGP, we are continuing this investment strategy by offering high-quality, strategically located, tailor-made logistics and semi-industrial parks to meet the needs of our customers and potential tenants".

The Group, which is at the forefront of environmental and sustainable issues for responsible business, also stands out in brownfield, socially and urbanistically useful operations. The two new acquisitions in the province of Milan will be located on brownfield sites, where VGP will be responsible for redeveloping the area and subsequently building the parks.

The logistic parks owned by VGP aim at meeting sustainability, quality, and energy efficiency requirements, thus reducing environmental impact and CO2 emissions. The new parks are in fact built according to high environmental standards - including BREEAM Excellent certification - and will produce solar energy thanks to photovoltaic systems on the roof.

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Currently, VGP has already started the works and launched the trading of the two parks in the North of Milan and is also targeting leading operators for the settlement of their logistic and production activities.

The works are expected to be completed by the end of 2023.

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

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