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VGP announces a new tenant of ITAB Shop Concept in Prostějov

Industrial real estate developer VGP has acquired a new tenant for its logistics park VGP Park Prostějov. ITAB Shop Concept, a leading supplier of comprehensive solutions for shop and warehouse equipment, will move lighting assembly for the European market here.

Investors focus on industrial and logistics assets

According to Colliers, a leading company providing diversified professional services in commercial real estate and investment management recorded gross demand for industrial and logistics space in 2020 approx. 9 million square meters and year-on-year growth of almost 25% on average. The largest activity was recorded by companies from the 3PL sector, followed by the retail and e-commerce sectors.

VGP starts the construction of a technology park near České Budějovice

Developer and owner of logistics and semi-industrial real estate VGP has begun construction of a new technology park near the South Bohemian metropolis. VGP Park České Budějovice will be established directly on the outskirts of the city in the Světlík commercial zone with excellent transport connections to the center and a direct access to the D3 motorway connecting Prague and Linz, Austria.

Developers are most active in the Ostrava region

108 The Agency published the first edition of the original project. A report that provides a clear summary of the most interesting data and information from the industrial real estate market in terms of the share of individual development companies and owners. The updated report will be published regularly twice a year.

VGP is committed to being carbon neutral by 2025

Antwerp (Berchem), Belgium: VGP NV (“VGP” or the “Group”), a European provider of state-of-the-art logistics and semi-industrial real estate, is committed to continuing to implement comprehensive sustainable measures in the coming years to reach carbon neutrality by 2025 . To this end, the company has set new ambitious goals today.

GLP recorded a record number of leases in 2020

GLP announced a record volume of leased space and development activities for the logistics sector in 2020. Globally, the company has already signed more than 22.7 million square meters of new and renewed leases. This means a year-on-year increase of 57 percent. The company also launched $ 5.3 billion in new development projects in 2020 with a total area of 5.6 million square meters, a year-on-year increase of 75 percent.

In 2021, industrial property rental prices will rise by up to 10% in some localities

The fourth quarter of 2020 closed the year full of changes and upcoming trends in the field of industrial real estate. Despite the impact of the pandemics, the industrial segment proved to be stable and the development of e-commerce and the digitization of the entire retail sector accelerated significantly. There is still a high demand for space on the market from investors and clients, and this interest is putting pressure on prices, which will increase significantly in premium locations in 2021.

GLP exceeded its targets by raising capital of EUR 1.6 billion for GLP Europe Income Partners II

Following its first final announcement on September 29, GLP announced that it had raised approximately an additional € 500 million for its pan-European logistics fund GLP Europe Income Partners II ("GLP EIP II"). This additional capital increases total capital commitments to approximately EUR 1.6 billion (approximately USD 2 billion), exceeding the target initially set and, once fully deployed, will allow the fund to reach a value of EUR 3.2 billion in managed assets (approximately $ 3.9 billion). Additional capital was raised from institutional investment partners in Europe, the Middle East and Asia.

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