As per a release issued by VGP NV on May 14, 2021 at 01:00 EDT, trading activity will take place on the following markets:

This will occur on May 14th at 7 a.m. in Antwerp (Berchem), Belgium. A new press release was just issued by VGP NV (“VGP” or “the Group”), which covers their trading results for the first four months of 2021:  house and lot for sale

operating profitability that is sustained

An additional €12.5 million of signed and renewed rental agreements have been agreed upon, which increases annualized rental income to €196.8 million (+6 percent for the year thus far).

an additional €64.8 million of annual rent once fully built and rented (currently 80.1 percent pre-let)

Worn out portfolio with 58,000 square meters increased to a total of 2.5 million square meters, which amounts to 99.6 percent

The plan is to expand the land bank in order to secure future growth.

An additional 471,000 square meters of new land was acquired and an additional 3.1 million square meters has been committed, pending permits.

Total land bank purchased and secured has increased to 8.54 million square meters (+11.6% yearly) which provides 4.0 million square meters of lettable space in the future

Joint Venture expected to close in the last two weeks of May, netting €52 million in cash.

advanced discussions regarding the expansion of the company's first joint venture are still ongoing with Allianz.

Citing data from previous reports, the CEO of VGP, Jan Van Geet, commented, “Demand for premium locations remains high as consumers continue to change their buying behavior and experience technological advancements in the industry.” YTD we have signed €12.5 million in lease agreements, with an additional €10 million worth of preliminary agreements (those still being negotiated) likely to be signed in the near future.

To make things even more exciting, Jan Van Geet went on to say, "This year, on top of our predominantly pre-let construction portfolio of 1 million m2, over half of which is situated in Germany (with 215k in VGP Park München) and the rest well distributed across Europe, we will add several additional projects." As long as the market's strong fundamentals and our continued strong delivery go hand in hand, we will be right on track for another very strong year.

An additional €600 million in international green bonds financed by Jan Van Geet allows for a more diverse funding mix, and also makes for a more flexible allocation of capital in the future. We keep a disciplined balance sheet while also being committed to using our resources to drive inclusive and sustainable solutions for the communities we serve. By replenishing and growing our secured land bank with net 900,000 m2 thus far, we have been able to continue to make substantial investments in the future pipeline, as well as purchase additional trophy locations which will spur leasing growth in the coming years.

Operating Highlights – 4M 2021

the leasing of operations

New leases of €2.6 million and renewals of €0.7 million account for €12.5 million of renewed rental income, bringing the total to €16.2 million (all on behalf of the Joint Ventures). In the amount of 0.2 million euros, the leases were terminated.

The lease commitments for the year ending in April 2021 (including Joint Ventures at 100 percent) are valued at €196.8 million, compared to €185.2 million as of December 20, 2015.

Several leases are in the works and will be signed shortly.

Few rent payments have been late with all of them paid on time due to the impact of COVID-19 on lease management and customer payment behavior.

activities in development

about 1,000,000 m2 of future lettable area is currently under construction, with 39 separate projects totaling 1,041,000 m2 expected to generate € 64.8 million of new rent when completed and leased (80.1 percent pre-let)

The 53% of parks under construction in Germany are located there, while the other 11% are located in Spain, the Czech Republic, Romania, Italy, the Netherlands, Hungary, and Portugal.

With these four projects, 58,000 m2 of lettable area will be delivered. They represent €1.2 million per year of committed leases.

while also considering Health and Safety guidelines and regulations for all of our operations related to COVID-19

vacant land bank

By the end of 2021, we will have acquired 0.47 million square meters of land that represent a development potential of 0.20 million square meters.

Pending permits and with a future development potential of 1.31 million m2, the 8.54 million m2 land bank supports 3.97 million m2 of future lettable area.

as well, approximately 3.83 million square meters of land has been identified and is currently the subject of exclusive negotiation (representing 1.58 million m2 of future lettable area)

Biodegradable Materials

In the build phase, a total of 48.8 MWp of solar power capacity is in operation or is being constructed through 45 roof-mounted projects. To date, €21 million in investment has made this a reality. This pipeline also holds the potential to generate another 64 MWp of power.

source of capital and access to funds

On March 31, 2021, VGP made the announcement that it had issued a first international green bond in the market with a face value of €600 million, paying a coupon of 1.50% per annum. The bond had a term of eight years and a final maturity date of April 8, 2029. Demand was 2.7 times greater than the amount of the issue. These funds will be used to fund the majority of the pre-let development pipeline, renewable energy asset build out, and the design and development of new green logistics and semi-industrial parks.

VGP European Logistics, the First Joint Venture with Allianz Real Estate is expected to close by the end of May. According to our expected transaction value of €70 million, we will receive €52 million in net cash proceeds. Because the expanded investment target for the First Joint Venture has been reached, this will be the last time a new park is being built as part of a First Joint Venture closing.

Good progress is being made on the expansion of the First Joint Venture, and the process is expected to conclude soon.

The Board of Directors plans to recommend to the Annual Shareholders Meeting that shareholders be issued a total gross dividend of €75.1 million on May 25, 2021, for which they will be paid €3.65 per share (to be confirmed by shareholders at the AGM)