M&A Activity • Jun 10, 2013
M&A Activity
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Brussels 10 June 2013
On Friday 7 June 2013, VGP successfully completed the acquisition of land in Tallinn (Estonia), after obtaining all necessary permits.
This 110,000 m2 plot of land which had previously been secured through a purchase option is located next to the highway from Tallinn towards Saint-Petersburg (Russia) opposite the harbour.
This new acquisition allows VGP to construct around 50.000 m² of semi- industrial real estate on a prime location in a region which has seen a sustained economic recovery over the past 18 months.
The outlook for this particular location is very promising and VGP already registers a lot of demand from potential tenants. The first building (21,600 m²) is being immediately started up and the first lease agreement has already been signed.
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]
VGP (www.vgpparks.eu) constructs and develops high-end semi-industrial real estate and ancillary offices for its own account and the account of its associates, 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.
VGP is quoted on Euronext Brussels and the Main Market of the Prague Stock Exchange.
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