BAKU, Azerbaijan, May 21. The European Bank for
Reconstruction and Development (EBRD) has invested 76 million euros
in the expansion of the green bond programme of VGP, a pan-European
developer of logistics and semi-industrial real estate, Trend reports.
The funding will support sustainable development across six
countries: Croatia, Czechia, Hungary, Romania, Serbia, and the
Slovak Republic.
The new investment increases the size of VGP’s 500 million euros
senior unsecured green bond, originally issued in March 2025 and
maturing in January 2031, to a total of 576 million euros.
Proceeds from the EBRD’s investment will be used to finance
assets that meet EU taxonomy requirements, including
energy-efficient buildings and renewable energy projects. The focus
will be on real estate developments that perform at least 10%
better than nearly-zero energy buildings or hold top energy
certifications.
The investment is in line with the EBRD’s Real Estate Strategy
2025–2029 and its Green Economy Transition approach, both of which
aim to promote sustainable construction and decarbonisation in
underdeveloped logistics markets.
Vlaho Kojakovic, EBRD Head of Real Estate, noted the importance
of green investments: “VGP’s green bond programme supports the
development of modern logistics infrastructure in undersupplied
markets, while embedding sustainability into its operations.”
VGP CEO Jan Van Geet welcomed the EBRD’s continued support,
highlighting the growing demand for high-quality logistics
facilities in the region and the company’s commitment to
environmental standards.
The EBRD has invested over 35 billion euros to date in the six
countries covered by this latest initiative.
