VGP secures €76m in green financing from EBRD

The European Bank for Reconstruction and Development (EBRD) has invested €76 mln in VGP's green bond program. 

VGP Park Belgrade

The European logistics and industrial real estate company will use the funds to develop and acquire sustainable logistics parks in Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic.
This latest investment is on top of VGP's existing €500 mln green bond program, which was launched in March 2025 and matures in January 2031, increasing the total outstanding amount to €576 mln. 
It aligns with both the EBRD's green initiatives across Central and Eastern Europe and VGP's commitment to sustainable building practices, including energy efficiency and renewable energy use.
The EBRD investment will be used to fund highly energy-efficient buildings (exceeding EU standards), renewable energy projects, and the acquisition of existing top-performing or EPC A-certified buildings. This will help improve the sustainability of industrial real estate in Central and Southeastern Europe, a region currently lacking modern, sustainable logistics facilities.
Vlaho Kojakovic, the EBRD’s Head of Real Estate, said: “Regulatory developments and the growing recognition of the long-term financial value of sustainable investments are driving demand for high-quality, modern industrial and logistics assets across the economies where the EBRD invests. VGP’s green bond programme supports the development of the logistics sector in undersupplied markets while embedding commitments to the sustainable performance of buildings and a shift towards decarbonisation in its operations. By investing in VGP’s green bond, the EBRD supports the development of green, high-quality buildings and logistics infrastructure, in line with the objectives of the EBRD’s Real Estate Strategy 2025-29 and the EBRD’s Green Economy Transition approach.”
Jan Van Geet, CEO of VGP, commented: “We are very pleased with the EBRD’s continued trust in VGP through this green bond investment. This support enables us to further advance the development and acquisition of sustainable logistics and industrial facilities across key markets in central and south-eastern Europe. These regions face growing demand for modern, efficient logistics infrastructure. Through this partnership, we aim to deliver buildings that meet high quality environmental performance standards and support the ongoing decarbonisation of the real estate sector.”