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VGP NV — Capital/Financing Update 2011
Jun 20, 2011
4022_iss_2011-06-20_184526ad-0727-4c95-aca2-be80f711c571.pdf
Capital/Financing Update
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Press Release Regulated Information EMBARGO UNTIL 20 JUNE 2011 AT 7h00 AM.
Brussels, 20 June 2011
VGP concludes agreement in principle with a new capital partner to sell an 80% interest in another 6 VGP Parks
VGP has concluded an agreement for the potential sale of an 80% equity interest in VGP CZ II a.s., to a new capital partner for 6 VGP Parks all located in the main regional cities of the Czech Republic.
The transaction value is in excess of EUR 140 million, which includes some future development pipeline. The sale is subject to certain conditions and due diligence.
VGP will continue to assume the operational management of these VGP Parks thereby ensuring operational continuity.
Closing of the transaction is anticipated during the third Quarter of 2011.
For more information
Mr Jan Van Geet Mr Dirk Stoop CEO CFO Tel. + 42 0602 404 790 Tel.+32 2 737 74 06 E-mail: [email protected] E-mail: [email protected]
Profile
VGP (www.vgpparks.eu) constructs and develops high-end semi-industrial real estate and ancillary offices for its own account, which are subsequently rented out to reputable clients on long term lease contracts. VGP has an in-house team which manages all activities of the fully integrated business model: from identification and acquisition of land, to the conceptualisation and design of the project, the supervision of the construction works, contracts with potential tenants and the facility management of its own real estate portfolio.
The VGP is quoted on Euronext Brussels and the Main Market of the Prague Stock Exchange.