Brief: VGP Joint Venture Buys €253 Mln Logistics Portfolio

VGP NV

24/05/2023 06:06

May 24 (Reuters) - VGP NV  VGP1.BR :
    * VGP JOINT VENTURE ANNOUNCES A EUR 253 MLN LOGISTICS
PORTFOLIO
PURCHASE
    * 11 BUILDINGS ARE LOCATED IN SPAIN, NETHERLANDS AND ITALY
    * TRANSACTION COMPRISES 11 LOGISTIC BUILDINGS, INCLUDING 5
BUILDINGS IN 4 NEW VGP PARKS AND ANOTHER 6 NEWLY COMPLETED
LOGISTIC BUILDINGS WHICH WERE DEVELOPED IN PARKS WHICH WERE
ALREADY TRANSFERRED TO JOINT VENTURE IN A PRIOR CLOSING
    * GROSS PROCEEDS OF EUR 197 MLN
    * TRANSACTION, WHICH IS DUE TO CLOSE IN FIRST HALF OF JUNE,
WILL
HAVE A POSITIVE CONTRIBUTION TO OUR FINANCIAL RESULTS OVER FIRST
HALF OF 2023
    * INCREASE IN JOINT VENTURES' PORTFOLIO SHOULD HAVE A
FURTHER
POSITIVE IMPACT ON FEE INCOME GENERATED BY ASSET-, PROPERTY-,
AND DEVELOPMENT MANAGEMENT SERVICES RENDERED BY VGP TO JOINT
VENTURES

Source text for Eikon:  ID:nGNEbpz1YM 
Further company coverage:  VGP1.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))