VGP Launches a Capital Increase of 250 Million Euros to Accelerate Investments
VGP announced on Thursday the launch of a cash capital increase of approximately 250 million euros through a private placement with institutional investors. The European logistics and semi-industrial real estate manager intends to use these funds to accelerate its investment pipeline and strengthen its balance sheet.
Acceleration of the Investment Pipeline
VGP plans to use the net proceeds from the increase primarily to accelerate its investment pipeline, covering both land acquisition and new investments in the pipeline. The company specifically highlights that over 100,000 square meters of new buildings are set to commence in 2026, following recent signings and new lease agreements. This operation will also allow VGP to pursue additional value-creating investment opportunities while maintaining and strengthening a robust balance sheet and a controlled debt ratio.
Commitment of the Reference Shareholder and Structure of the Placement
The reference shareholder, Jan Van Geet (via Little Rock S.à r.l. and Tomanvi SCA, holding together 32.02% of the capital), has irrevocably committed to subscribe to the placement on a non-reducible basis, proportional to his current participation. This private placement targets qualified institutional investors from the European Economic Area, the United Kingdom, Switzerland, and certain American investors. J.P. Morgan SE and KBC Securities are acting as coordinators and joint bookrunners, with Belfius Bank, Kepler Cheuvreux, and BNP Paribas Fortis serving as bookrunners. The new shares admitted for trading on May 12, 2026, on Euronext Brussels will be entitled to the full dividend for the fiscal year 2026.
