VGP’s Half Year Results 2025

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[{"type":"image","alt":"VGP NV","displaySize":"","headline":null,"caption":"VGP NV","className":"","disableSlideshowImg":false,"size":{"original":{"width":186,"height":129,"url":"https://media.zenfs.com/en/globenewswire.com/bb3d60cb180db7655632e890698e9637"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cLWIuDf5g4hmDoaMDUc5ew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTI1MDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/bb3d60cb180db7655632e890698e9637","width":186,"height":129}},"lazy":false},{"type":"horizontalRule"},{"type":"text","content":"21 August 2025, 7:00am, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, today announces the results for half-year ended 30 June 2025:","length":213,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A pre-tax profit of € 208.6 million (increase of 35% versus H1 ’24), reflecting € 40.9 million of net rental and renewable energy income (+ 24.3%), joint venture management fee income of € 16.1 million (+ 2.6%) and € 141.5 million net valuation gains on the portfolio (+42.8%)","length":276,"tagName":"p"}]},{"val":[{"type":"text","content":"A record of € 56.1 million, or 822,000 sqm, signed and renewed lease agreements during H1 '25, bringing total committed annualised rental income to € 441.3 million (+7% YTD and + 14.7% y.o.y organic growth)1. On a look through basis, net rental income increased by 16.4% versus H1 ‘24 to € 103.92 million","length":308,"tagName":"p"}]},{"val":[{"type":"text","content":"As at 30 June 2025, a total of 846,000 sqm under construction through 36 projects representing € 72.8 million in additional annual rent once fully built and let","length":165,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"325,000 sqm of projects started up in H1 ’25, representing € 29.2 million of rental income once fully built and let","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Pre-let ratio amounts to 76%3, assets which are longer than six months under construction are already 80% pre-let ","length":113,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":228,"olType":false}]},{"val":[{"type":"text","content":"Delivered 11 projects representing 264,000 sqm during H1 ’25, 96.3% let and representing € 17.6 million of rental income","length":120,"tagNam...

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