21 August 2025, 7:00am, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, today announces the results for half-year ended 30 June 2025:
- A pre-tax profit of € 208.6 million (increase of 35% versus H1 ’24), reflecting € 40.9 million of net rental and renewable energy income (+ 24.3%), joint venture management fee income of € 16.1 million (+ 2.6%) and € 141.5 million net valuation gains on the portfolio (+42.8%)
- A record of € 56.1 million, or 822,000 sqm, signed and renewed lease agreements during H1 ’25, bringing total committed annualised rental income to € 441.3 million (+7% YTD and + 14.7% y.o.y organic growth)1. On a look through basis, net rental income increased by 16.4% versus H1 ‘24 to € 103.92 million
- As at 30 June 2025, a total of 846,000 sqm under construction through 36 projects representing € 72.8 million in additional annual rent once fully built and let
- 325,000 sqm of projects started up in H1 ’25, representing € 29.2 million of rental income once fully …