VGP NV : Waiting for better times
VGP continues to face yield decompression and high construction costs, affecting its profitability and ability to expand further. The developer thus decided to slam the brakes on development, waiting for a more favourable environment. Meanwhile, it is concentrating on divesting assets to its JVs and signing new partnerships with long-term investors, in order to perpetuate growth prospects after Allianz. There have been two closings since the beginning of the year, but more needs ...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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