Reports

Semi-Annual Reports

22. 08. 2016

  • Profit for the period of € 42.7 million (+ € 10.5 million compared to 30 June 2015)
  • 18.6% increase of committed annualised rental income to € 45.0 million[1] (+ € 7.0 million compared to 31 December 2015)
  • 87.5% growth in gross rental income (+ € 6.1 million) to € 13.1 million
  • The signed committed lease agreements represent a total of 865,855 m² [2] of lettable area with the weighted average term of the committed leases standing at 7.4 years as at the end of June 2016 (7.5 years as at 31 December 2015)
  • 7 projects delivered during the first half of 2016 representing 139,955 m² of lettable area
  • In addition 17 projects under construction representing 384,612 m² of future lettable area
  • 597,000 m² of new development land plots acquired and 600,000 m² new land plots under option to support the development pipeline and which are expected to be acquired during the second half of 2016
  • Net valuation gain on the investment portfolio reaches € 65.1 million (against € 48.1 million at the end of June 2015)
  • Establishment of a 50/50 joint venture (VGP European Logistics) with Allianz Real Estate and acquisition by the joint venture of the initial seed portfolio consisting of 15 parks from VGP for a transaction value in excess of € 500 million
  • During the second half of the year there are a number of large transactions in the pipeline, which, if successfully completed, will have a significant positive impact on the annualised rental income and the weighted average term of the committed leases

[1] Including VGP European Logistics (joint venture with Allianz Real Estate). As at 30 June 2016 the committed annualised rent income for VGP European Logistics stood at € 33.6 million.
[2] Including VGP European Logistics. As at 30 June 2016 the committed lease agreements of VGP European Logistics represent 655,568 m² of lettable area having a weighted average term of 7.5 years.

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31. 08. 2015

  • Profit for the period of € 32.2 million (compared to 30.0 million on a like for like basis[1] as at 30 June 2014)
  • 46.5% increase of committed annualised rent income to € 33.1 million (+ € 10.5 million compared to 31 December 2014)
  • 71.6% growth in gross rental income (+ € 2.9 million) to € 7.0 million
  • The signed committed lease agreements at year end represent a total of 614,477 m² of lettable area with the weighted average term of the committed leases standing at 7.9 years at the end of June 2015 (7.8 years as at 31 December 2014)
  • 8 projects delivered during the first half of 2015 representing 98,567 m² of lettable area
  • 19 projects under construction representing 322,014 m² of future lettable area
  • 954,000 m² of new development land plots committed to expand land bank and support development pipeline and which are expected to be acquired during the second half of 2015
  • Net valuation gain on the investment portfolio reaches € 48.1 million (against € 40.9 million at the end of June 2014)
  • The fair value of the investment property and the investment property under construction (the “property portfolio”) as at 30 June 2015 increased with 21.0% (+ € 87.4 million) to a record level of € 503.5 million compared to € 416.1 million as at 31 December 2014
  • Establishment of presence in Spain with the opening of a new office in Barcelona and with first offers on land initiated

[1] The net profit as at 30 June 2014 included the estimated € 13.4 million profit on the sale of the associates’ portfolio (VGP CZ I & IV and II). The sale of these portfolios was completed in October 2014.

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27. 08. 2014

  • Profit for the period of € 43.4 million (+ € 34.3 million against 1H 2013)
  • Sale of the remaining 20% stake of the VGP CZ I and VGP CZ II portfolios during the month of August 2014 creating substantial additional shareholder value
  • 105.3% growth in gross rental income (+ € 2.1 million) to € 4.1 million
  • 25.0 % increase of committed annualised rent income to € 13.0 million (+ € 2.6 million compared to 31 December 2013) The signed committed lease agreements represent a total of 252,288 m² of lettable area with the weighted average term of the committed leases standing at 7.1 years at the end of June 2014 (7.6 years as at 31 December 2013)
  • 8 projects under construction representing 121,148 m² of future lettable area
  • 584,000 m² of new development land acquired in Germany with another 238,000 m² land plots (152,000 m² located in Germany) targeted and already partially committed to expand land bank and support development pipeline
  • Net valuation gain on the investment portfolio reaches € 40.9 million (+ € 33.6 million against 1H 2013)
  • The fair value of the investment properties as at 30 June 2014 increased with 46.2% to € 330.2 million (+ € 104.3 million compared to 31 December 2013) 
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26. 08. 2014

  • Profit for the period of € 43.4 million (+ € 34.3 million against 1H 2013)
  • Sale of the remaining 20% stake of the VGP CZ I and VGP CZ II portfolios during the month of August 2014 creating substantial additional shareholder value
  • 105.3% growth in gross rental income (+ € 2.1 million) to € 4.1 million
  • 25.0 % increase of committed annualised rent income to € 13.0 million (+ € 2.6 million compared to 31 December 2013) The signed committed lease agreements represent a total of 252,288 m² of lettable area with the weighted average term of the committed leases standing at 7.1 years at the end of June 2014 (7.6 years as at 31 December 2013)
  • 8 projects under construction representing 121,148 m² of future lettable area
  • 584,000 m² of new development land acquired in Germany with another 238,000 m² land plots (152,000 m² located in Germany) targeted and already partially committed to expand land bank and support development pipeline
  • Net valuation gain on the investment portfolio reaches € 40.9 million (+ € 33.6 million against 1H 2013)
  • The fair value of the investment properties as at 30 June 2014 increased with 46.2% to € 330.2 million (+ € 104.3 million compared to 31 December 2013) 
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26. 08. 2013

  • Nettogewinn von 9,1 Millionen € für den Zeitraum (+ 3,1 Millionen € gegenüber 1H 2012)
  • Abschluss oder Verlängerung neuer Pachtverträge über 122.321 m2, die verbindliche annualisierte Mieterträge in Höhe von 6,2 Millionen € darstellen, davon 93.875 m² (4,6 Millionen €) im Auftrag von angeschlossenen Unternehmen.
  • Die unterzeichneten verbindlichen Pachtvereinbarungen beinhalten Mietflächen von insgesamt 122.454 m2 bei einer gewichteten mittleren Laufzeit der verbindlichen Pachten von 8,8 Jahren zum Ende Juni 2013
  • Wachstum des Immobilienbestandes um 50,4 % (+ 51,2 Millionen €) auf 152,9 Millionen €
  • 6 im Bau befindliche Projekte mit zukünftiger Mietfläche von 85.218 m2
  • Neue Entwicklungsgrundstücke in Größe von 634.000 m2 erworben und weitere Grundstücke über 370,000 m² identifiziert und bereits teilweise an die Expansion der Land Bank und die Unterstützung der Entwicklungspipeline gebunden
  • Akquisition des tschechischen Objektmanagement-Unternehmens SUTA s.r.o.
  • Erfolgreiche Platzierung einer vierjährigen Anleihe über 75 Millionen € am 12. Juli 2013
  • Der Verwaltungsrat hat die Einberufung einer außerordentlichen Hauptversammlung zur Genehmigung einer weiterer Kapitalherabsetzung liquider Mittel in Höhe von 7,6 Millionen € (0,41 € je Aktie) beschlossen, die von dem Ende Juni 2013 verfügbaren Bargeldüberschuss ausgezahlt wird

22. 08. 2011

Sound results and positive outlook in well performing Mid-European markets

  • Net profit for the period of EUR 10.5 million (+ EUR 0.8 million against 1H 2010)
  • > 42,500 m² of new leases signed representing an increase in committed annualised rent income of EUR 2.3 million
  • 11 projects under construction representing 105,544 m² of future lettable area
  • > 500,000 m² of new land plots targeted and already partially committed to expand land bank and support development pipeline
  • Conclusion of an agreement for the potential sale of an 80% equity interest in VGP CZ II a.s., to a new capital partner for 6 VGP Parks all located in the main regional cities of the Czech Republic
  • Operating result (before result on portfolio) of € 8.8 million for the 1st half of 2011 versus € 7.0 million (on a like for like basis1) for the 1st half of 2010

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16. 08. 2010

Strong results on the back of the semi industrial markets in the mid-European region gaining momentum

  • EUR 5.4 million new lease contracts signed resulting in a 14.0% increase of the committed annualised rent income from EUR 29.2 million (31 Dec-09) to EUR 33.3 million (30 Jun-10)
  • Occupancy rate improved to 96.5% for the Czech portfolio (from 94.4% at 31 Dec-09) and 95.0% for the Group's portfolio (against 91.4% at 31 Dec-09) respectively
  • On track to outperform 2010 rent income targets with a 44.7% growth in gross rental income (+ EUR 4.2 million) over the first half year to EUR 13.5 million
  • 55.3% growth in operating result (before result on portfolio) (+ EUR 4.4 million) to EUR 12.2 million
  • Net profit for the period of EUR 9.7 million (+ EUR 21.4 million against 1H 2009)
  • EUR 25 million additional committed credit facilities arranged to secure financing of current development pipeline

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17. 08. 2009

VGP outperforms the market

  • 81.2% growth in gross rental income (+EUR 4.2 million) to EUR 9.3 million (against 1H 2008)
  • 41.9% growth in net current result to EUR 3.3 million (against 1H 2008)- Committed annualised rent income increased to EUR 27.0 million
  • 32.7% growth in total lettable area (+ 114,846m²) to 466,507m²
  • EUR 17.5 million profit contribution from the development activities

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18. 08. 2008

VGP on track to double its portfolio and rental income

Summary of financial results

  • Committed annualised rent income increased to EUR 20.1 million
  • Gross rental income up 149.1 % (+ EUR 3.1 million) to EUR 5.1 million (compared to 1H 2007)
  • Property portfolio up 29.3% (+ EUR 65.9 million) to EUR 291.1 million (compared to 31-Dec 07

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