VGP NV announced that, together with its joint venture partner Allianz Real Estate, the Group has decided to postpone the seed portfolio closing of the Europa Joint Venture originally envisaged for November due to volatile market environment. The closing transaction for the VGP Park Mnnchen joint venture is anticipated to be conducted before end of year. A decision on the timing of the Europa seed portfolio closing is expected to be taken next year.

In the meantime, bank financing facilities are available and the Group is evaluating all financing options.