EBRD invests €76 million in VGP green bond expansion

Green Forum
The European Bank for Reconstruction and Development (EBRD) has subscribed €76 million under VGP's existing green bond programme. VGP is a pan-European developer of premium logistics and semi-industrial real estate. 

This additional issuance expands the company's €500 million senior unsecured green bonds, first issued in March 2025 and maturing on 29 January 2031, bringing the total outstanding to €576 million.

The EBRD's investment will help finance the development and acquisition of sustainable logistics and industrial parks in Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic. The initiative supports the Bank's broader goal of promoting green transition and sustainability across its regions.

The funds will be directed toward assets aligned with the EU taxonomy, including buildings that exceed nearly-zero energy standards by at least 10%, renewable energy infrastructure, and top-tier existing properties (either EPC A-rated or in the top 15% energy-efficient buildings). This contributes to boosting sustainable logistics capacity in Central and South-Eastern Europe, where demand for modern, energy-efficient facilities continues to outpace supply.

According to Vlaho Kojakovic, EBRD Head of Real Estate, demand for high-quality logistics assets is growing across the Bank's regions, driven by evolving regulations and the financial value of sustainability. He emphasized that VGP's bond programme aligns with the EBRD's Real Estate Strategy 2025–2029 and its Green Economy Transition objectives by fostering sustainable, decarbonised infrastructure.

VGP CEO Jan Van Geet welcomed the EBRD's continued support, noting that the investment will accelerate the delivery of sustainable logistics solutions in key European markets. He highlighted the growing need for energy-efficient buildings and the company's role in meeting these needs through high environmental performance standards.

The EBRD remains a significant investor in the region, with a cumulative €35.2 billion committed across the six target countries to date.

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Green Forum  |  11 December, 2025 at 11:36 AM