Allianz and VGP extend relationship with new

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Regulated information

Paris | Munich | Antwerp | 04 January 2022 | 08:30 CET

Allianz Real Estate, acting on behalf of several Allianz group companies, and VGP, a European provider of high quality logistics and semi-industrial real estate, have agreed to form a new 50/50 joint venture. The vehicle, the fourth such venture between Allianz Real Estate and VGP since 2016, will develop a portfolio of premier logistics assets in Germany, the Czech Republic, Hungary and Slovakia.

Allianz Real Estate and VGP aim to bring the joint venture to a gross asset value of 2.8 billion euros within five years by exclusively acquiring blue chip assets developed by VGP.

In these countries, VGP has a pipeline of over 90 assets in around 25 strategic locations, including close to capital cities such as Bratislava, Berlin and Budapest, with a total forecast GLA of over 2.5 million m². The entire land reserve has already been secured and a number of assets have already been delivered.

VGP is a leading developer, manager and owner of logistics and semi-industrial real estate. The company has a development land reserve of 10.49 million m² of own or committed land1 and currently owns and operates assets in 12 European countries. He will again act as JV manager, asset manager and property manager for the company with Allianz Real Estate.

The logistics sector represents 13% of Allianz Real Estate’s global assets under management, or 10.3 billion euros, with the largest allocation in Europe at 4.9 billion euros at the end of September. 2021 has seen some of the company’s largest transactions, including the largest value logistics asset in the United States to date. Its Italian logistics fund alone represents more than 400 million euros in 16 facilities

The environmental profile of each facility will be a priority, aiming to encompass the Carbon Risk Real Estate Monitor and compliance with EU taxonomy, the use of sustainable certification, including high BREEAM or DGNB ratings, and criteria EPC, among others. As such, the joint venture will help Allianz Real Estate achieve its goal of reducing carbon emissions from its portfolio by 25% by 2025 and being zero carbon by 2050.

“We are fully aware of the impact that e-commerce has generated in terms of opportunities available in the market, where onhoring and inventory management on building networks are essential. Having a dedicated logistics team working alongside leading partners such as VGP has allowed us to stay ahead of the curve and continue to add a significant allocation of capital to our global logistics portfolio, an area that represents a key strategic axis for Allianz Real Estate ”, declared Kari Pitkin, Business Development Manager Europe, Allianz Immobilier.

Jan Van Geet, Managing Director at VGP, said: “We are delighted to extend our partnership with Allianz Real Estate, as this new joint venture will give VGP a greater refinancing option while continuing to expand the Group’s asset base and development pipeline. Having a partner who shares our commitment to sustainable and responsible construction and investment practices, we are very pleased to have been able to agree on an ESG framework for this new joint venture that values ​​and aligns with our long-term commitments . With a portfolio of world-class, certified warehouses under construction and an enviable land reserve, the new joint venture benefits from our strong Category A pipeline in these four markets. “

In June of last year, VGP and Allianz Real Estate announced the successful completion of the eighth and final close of their first 50/50 joint venture, VGP European Logistics. The transaction included four logistics buildings, including two buildings in a new VGP park and two other newly completed logistics buildings that were developed in parks previously transferred to the joint venture. Following this transaction, this joint venture has achieved its broad investment objective and is fully invested2

– To finish –

Allianz eask for information :

Allianz Real Estate

Paula eirich
+49 89 3800 68318 / +49 160 9576 7391
[email protected]

To quote dew Rogerson (United Kingdom)
Hugh Fasken / Camilla Wyatt / Patrick Evans
[email protected]

About Allianz Real Estate and PIMCO
Allianz Real Estate is a PIMCO company, comprising Allianz Real Estate GmbH and Allianz Real Estate of America and their subsidiaries and affiliates. He is one of the largest real estate investment managers in the world, developing and executing tailor-made portfolio and investment strategies globally on behalf of a range of responsibility-driven global investors. , creating long-term value for clients through direct and indirect investments and real estate financing. . The operational management of investments and assets is carried out from 18 offices in key cities in 4 regions (Western Europe, Northern and Central Europe, United States and Asia-Pacific). For more information, visit: www.allianz-realestate.com. PIMCO is one of the world’s leading fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. Over the next nearly 50 years, the company has continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. PIMCO has offices around the world and more than 3,000 professionals committed to providing superior returns, solutions and services to our customers. PIMCO is owned by Allianz SE, one of the world’s leading providers of diversified financial services.

Source: Allianz Real Estate, data as of 30e September 2021.

These reviews are, as always, subject to the disclaimer below.

Important information
Some of the statements contained in this press release may be forward-looking statements or statements of future expectations based on information currently available. Such statements are naturally subject to risks and uncertainties. Factors such as changes in general economic conditions, future market conditions, unusual catastrophic loss events, changes in capital markets and other circumstances may cause actual events or results to differ materially from those anticipated. by these statements. Allianz Real Estate makes no representations or warranties, express or implied, as to the accuracy, completeness or updated status of any such statements. Therefore, in no event will Allianz Real Estate be liable to anyone for any decision or action taken in relation to the information and / or statements contained in this press release or for any damages therein. All views expressed have been held at the time of preparation and are subject to change without notice. Although any forecast, projection or target, when provided, is given for guidance only and is not guaranteed in any way. Allianz Real Estate declines all responsibility in the event of non-compliance with these forecasts, projections or objectives. This material is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be interpreted as an offer to sell or the solicitation of an offer to buy or subscribe to an investment. This document is not intended to be investment advice, or an offer or solicitation for the purchase or sale of any financial instrument, or an offer or recommendation related to Allianz Real Estate and / or its products. . None of the information or analysis presented here is intended to form the basis of an investment decision, and no specific recommendations are intended. PIMCO is a trademark of Allianz Asset Management of America LP in the United States and internationally. © 2021, PIMCO.

VGP ask for information:

VGP
Karen Huybrechts (media)
+32 3 289 1432
[email protected]

Martijn Vlutters (investors)
+32 3 289 1433
[email protected]

Brunswick Group
Anette Nachbar
+49 152 288 10363

Afight VGP
VGP NV is a pan-European developer, manager and owner of high quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with long-standing capabilities and expertise across the value chain. The company has a development land reserve (owned or committed) of 10.49 million m² (as of October 31, 21) and the strategic emphasis is placed on the development of business parks. Founded in 1998 as a Belgian family real estate developer in the Czech Republic, VGP, with a workforce of around 350 employees, owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of June 2021, VGP’s net asset value including 100% joint ventures was EUR 4.48 billion and the company had a net asset value (EPRA NTA) of 1.51 billion euros. VGP is listed on Euronext Brussels (ISIN: BE0003878957). For more information, please visit: http://www.vgpparks.eu

Forward-looking statements
This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events and involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from future results, performance or achievements expressed or implied by these forward-looking statements. VGP is providing the information contained in this press release as of that date and does not undertake to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. The information contained in this announcement does not constitute an offer to sell or an invitation to buy securities of VGP or an invitation or inducement to engage in other investment activities. VGP accepts no responsibility for any statements made or published by third parties and assumes no obligation to correct any inaccurate data, information, conclusions or opinions published by third parties in connection with this press release or any other press release issued by VGP.


1 At 31st October 2021
2 With the exception of any complement related to assets in progress in the wind farms already owned by the joint venture

  • Allianz Real Estate_VGP JV EN 220104


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