London – May 2025 — The European Bank for Reconstruction and Development (EBRD) has invested €76 million in the green bond programme of VGP, a leading pan-European developer of high-quality logistics and semi-industrial real estate. The investment is aimed at boosting sustainable industrial development and acquisitions across six countries in Central and South-Eastern Europe: Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic.
The funding forms part of a tap issuance that expands VGP’s existing €500 million senior unsecured green bond issued in March 2025 and maturing on 29 January 2031. The new subscription brings the total issuance to €576 million.
The EBRD’s investment will be directed towards projects that align with EU taxonomy standards, including energy-efficient buildings performing at least 10% better than nearly-zero energy standards, the development of renewable energy infrastructure, and the acquisition of top-performing existing buildings with EPC A certification or ranking in the top 15% of energy-efficient assets.
“This investment supports the development of green, high-quality buildings and logistics infrastructure in line with the EBRD’s Real Estate Strategy 2025–29 and our Green Economy Transition approach,” said Vlaho Kojakovic, EBRD Head of Real Estate. “As demand rises for sustainable industrial assets, particularly in undersupplied markets, our investment in VGP helps accelerate the transition to a more sustainable and decarbonised real estate sector.”
VGP’s CEO Jan Van Geet welcomed the partnership, stating: “We are very pleased with the EBRD’s continued trust in VGP. This support enables us to further develop and acquire sustainable logistics and industrial facilities in key growth regions, helping meet the increasing demand for efficient, environmentally responsible infrastructure.”
The EBRD is a key investor in the region, having committed more than €35.2 billion to Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic to date. The Bank’s backing of VGP’s green bond highlights its strategic focus on supporting sustainable urban and industrial development while driving green finance in emerging markets.
