VGP announces the signature of its first acquisition project in France with the company VALGO

PRESS RELEASE

Regulated information

June 30, 2022, at 18.00 CET, Petit-Couronne, France VGP NV (“VGP” or “Gruppen”) and VALGO have signed a sales promise to buy 32 hectares of land in Petit-Couronne, near Rouen, where the former Petroplus refinery units were located. This brownfield redevelopment project is in line with VGP’s expertise and strategy. Thanks to the fact that VALGO has owned the land for six years and its expertise in asbestos removal, soil and groundwater treatment, in-situ material and waste treatment and development, a land has emerged in this area that is suitable for the development of new industries and activities.

Situated on the banks of the Seine and close to the A13, the 32-hectare area is particularly strategic for future users. After a thorough remedy of VALGO, the land is now ready for redevelopment. VGP has only been present in France for a few months and is pleased to launch its activities in the dynamic area of ​​Normandy’s metropolis Rouen through this large – scale project. In total, approximately 150,000 m² will be converted to industrial and logistics projects, and the work is expected to start in 2023.

For VGP, cooperation with local authorities is an absolute priority, as the development projects have a direct impact on the areas in question. In the Petit-Couronne, the redevelopment of this brownfield will therefore be an opportunity to participate in the revitalization of the area in terms of employment and thus respond to the economic and environmental challenges in the Rouen region. Aurélien Coudert, General Manager of VGP France, is pleased with the collaboration with VALGO and convinced of the area’s attractiveness and development potential.

VGP and VALGO also join forces to pursue an ambitious and innovative environmental policy. Through an innovation policy for the benefit of customers and the territories, VGP puts the challenges of energy efficiency, reduction of CO2 footprint and the sustainability of buildings at the center of its projects. The company aims to be CO2 neutral by 2025 and also aims to achieve BREEAM Excellent certification of buildings and green energy production on its projects. In addition, the VGP Foundation, which was established in 2019, already supports 29 projects within access to education, conservation of biodiversity and protection of cultural heritage.

Jan Van Geet, CEO of VGP “VGP is pleased to start its activity in France on a unique plot, with strong economic and environmental ambitions, shared by both our partner VALGO and the local authorities. As the redevelopment of old industrial areas is the core of our activities, this project is is a great opportunity for us to use our industrial and logistics news show. Due to the uncertain geopolitical situation and the rise in transport prices, companies are increasingly seeking local support to start up their business. In this context, we strongly believe in the relevance of our integrated model with a long-term vision. We now look forward to getting started and bringing all the group’s expertise into the project. ”

François Bouché, CEO of VALGO “We are pleased to sell this large plot to a large investor who is familiar with the revitalization of old businesses in Europe. But first I would like to pay tribute to the work of the men and women who have invested in the successful success of this iconic project. It took more than 1 million hours and more than 60 million euros investment from VALGO to turn the page with more than 80 years of refining on this site, which already provides 600 jobs. ”

VGP was assisted in this project by the Cheuvreux study (Eric Hervy), Ireo (Marine Javelle) and EOL (Jean-François Mounic).

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ABOUT VGP AND VALGO

VGP NV is a pan-European developer, manager and owner of high quality logistics and semi-industrial property. VGP operates on a fully integrated business model with capabilities and extensive experience across the value chain. The group has a land bank (owned or engaged) of DKK 11.28 million. m². The strategic focus is on the development of logistics and semi-industrial business parks. VGP was founded in 1998 as a Belgian family business in the Czech Republic and today employs approximately 360 full-time employees and is active in 16 European countries both on its own behalf and on behalf of various 50:50 joint ventures. In December 2021, VGP’s gross capitalization, including joint ventures of 100%, was € 5.75 billion, and the company had a Net Asset Value (EPRA NAV) of € 2.33 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
For more information, please visit: Tracker? Data = _4q1fzJ6179ksrpGEr5dboHn2NX5r6qUXT3pwTOPEFrMJqYwq0S_oj1FAipew-3Lfl2YBx4att5XraGUHMzSrGwpyBVEq2n “R”.https://www.vgpparks.eu/nl/

VALGO is a medium-sized international company that has been active in the environmental sector since 2004 and is headquartered in France. VALGO, “Doctor of the Earth and Buildings”, has set itself the task of caring for the Earth and reviving waste and industrial areas by conserving biodiversity thanks to its unique model: VALGOrisation. Created by VALGO, this unique model integrates all links in the value chain into a turnkey solution that allows large accounts and public and private organizations to reassess their environmental commitments to create sustainable projects while maintaining a controlled economy to ensure logic. To date, more than a thousand customers depend on us to make their projects environmentally responsible and financially sustainable.
With a target turnover of 100 million euros by 2022, VALGO is developing its subsidiarity mission with its 12 agencies in France (including 1 on the island of Reunion) and its 6 international subsidiaries with key accounts with the aim of developing its unique expertise as the “doctor of the earth” and providing solutions to a more sustainable world.
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