Van Geet Parks, or VGP for short, was in fourth place last year and is now on the podium in third place (bronze) with an annual fundamental value creation of 18.92%. At 19.43% a year, VGP's stock market return is close to the fundamental evolution. VGP is a developer, manager and owner of high quality logistics and semi-industrial real estate. VGP is active in Germany, Hungary, Italy, Latvia, the Netherlands, Austria, Portugal, Romania, Slovakia, Spain and the Czech Republic.
VGP's success story is primarily based on a strong in-house team that has been built up over the years. Everything then started with the development of a well-diversified land bank at strategic top locations in Europe. After that, logistic business parks were developed there. VGP is also known for its high-quality services, including offering solutions for integrating and optimizing business processes to its tenants. Once the tenants occupy the VGP buildings, they are provided with real estate management services. This ensures good interaction with the tenants and the VGP teams. All useful information from that interaction is then passed on to the development teams, so that even better parks can be built in the future or existing ones can be improved. These developments were only possible thanks to a strong balance sheet structure with a conservative debt ratio. VGP also created 3 successful joint ventures with Allianz Real Estate, freeing up capital to further expand the development pipeline.
In the long term, VGP will benefit from the ever increasing e-commerce activity, which will keep logistics buildings as an asset class in the future. Congratulations to Jan Van Geet (CEO), Dirk Stoop (CFO), chairman Bart Van Malderen and the entire VGP team!
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|Waardecreatie Belgische Beursgenoteerde Bedrijven 2009 2019||Download|