The tap issuance will increase the size of the original EUR500 million senior unsecured five-year green bonds issued in March 2025 and maturing on January 29 , 2031, bringing the total outstanding amount to EUR576 million.
“This support enables us to further advance the development and acquisition of sustainable logistics and industrial facilities across key markets in central and south-eastern Europe. These regions face growing demand for modern, efficient logistics infrastructure. Through this partnership, we aim to deliver buildings that meet high quality environmental performance standards and support the ongoing decarbonization of the real estate sector.” Jan Van Geet, CEO of VGP, commented.
The Bank’s investment will support VGP in developing and acquiring sustainable industrial and logistics parks in Croatia, Czechia, Hungary, Romania, Serbia and Slovakia.
“Regulatory developments and the growing recognition of the long-term financial value of sustainable investments are driving demand for high-quality, modern industrial and logistics assets across the economies where the EBRD invests. VGP’s green bond program supports the development of the logistics sector in undersupplied markets while embedding commitments to the sustainable performance of buildings and a shift towards decarbonization in its operations,” said Vlaho Kojakovic, the EBRD’s head of Real Estate.
The EBRD is a major investor in Croatia, Czechia, Hungary, Romania, Serbia and the Slovak Republic. To date, it has invested EUR35.2 billion in the six countries combined.
According to VGP’s financial report, Romania accounts for 10.1% of the land portfolio of the group, while Germany accounts for 21.8%, France for 12.5% and Serbia for 11%. VGP is developing five industrial parks in Romania in Arad, Brasov, Bucharest, Timisoara and Sibiu, with a total area of 1,787,925 square meters, 890,000 square meters of which fitted and earmarked for rental.
(English version by Loredana Fratila-Cristescu)