VGP: Growth ambitions reinforced for the year ahaed
The unique position of VGP as a pan-European developer has allowed the company to capitalize on the long-term growth of a.o. e-commerce resulting in record signing of new leases, the expansion of its geographical presence in four new markets and the ramping up of a 500k sqm GLA pipeline. VGP continued to acquire plots of land in strategically favourable locations thereby strengthening its pan-European network of semi-industrial parks. VGP has significantly expanded its workforce to 180 employees across 12 different countries, while another 45 FTEs are sought after, underpinning its growth prospects. 2019 will be a year of levering its geographical footprint resulting in above-average development activities and rental growth.VGP NV is a Belgium-based real estate development company that constructs and develops industrial real estate and ancillary offices, which are rented out to clients on long term lease contracts. The Company operates in three business segments: the Development activities segment is focused on the identification and acquisition of the land and development of the infrastructure, the design of buildings, the coordination of architectural and engineering aspects, the administration to obtain the necessary permits, the tendering and coordination of the construction works, including site management, and the facility management of the real estate portfolio; the Property Management and Leasing services segment is responsible for managing the operation of the buildings, and the Facilities Management services segment is responsible for managing the operation of the buildings and performs all actions, such as maintenance services, waste management services and maintenance greenery, among others.
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