EBRD invests €67 million in VGP NV green bonds
EBRD invests €67 million in VGP NV green bonds
Logistics company aims to boost sustainability of operations
EBRD financing earmarked for Hungary, Latvia, Romania and Slovak Republic The European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €67 million ticket as part of an inaugural eight-year €600 million green bond issuance by VGP NV, a pan-European provider of high-quality logistics and semi-industrial real estate. The Bank’s investment will support the development of sustainable semi-industrial and logistics parks in Hungary, Latvia, Romania and the Slovak Republic. VGP has pledged that its group operations will reach net carbon neutrality by 2025 and is now working on the implementation of its decarbonisation strategy. Among the numerous measures currently being introduced is the offering of green energy to its tenants.
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