EBRD Invests €76 Million in VGP’s Green Bonds to Enhance Sustainable Logistics Infrastructure in Central and Southeastern Europe

EBRD Invests €76 Million in VGP’s Green Bonds to Enhance Sustainable Logistics Infrastructure in Central and Southeastern Europe

(IN BRIEF) The EBRD has invested €76 million in VGP’s green bond programme, aimed at supporting the development and acquisition of sustainable logistics and industrial parks in Central and Southeastern Europe. The funding will help expand the availability of high-quality, energy-efficient real estate, addressing the growing demand for modern infrastructure in these under-served markets.

(PRESS RELEASE) LONDON, 20-May-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €76 million investment in VGP’s green bond programme, helping to fund the development and acquisition of sustainable logistics and industrial parks in Central and Southeastern Europe. This investment is part of a larger €500 million senior unsecured green bond issuance that was originally launched in March 2025. The new subscription brings the total outstanding amount to €576 million, extending the bond’s maturity to January 29, 2031.

The funds raised through this investment will primarily support VGP’s ongoing efforts to build and acquire sustainable real estate projects in key markets, including Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic. These countries, which are under-served in terms of high-quality logistics infrastructure, will benefit from modern, energy-efficient developments, helping meet the growing demand for sustainable industrial real estate.

The EBRD’s financing will be directed toward projects that align with the EU’s green taxonomy. These will include buildings that exceed nearly-zero energy building standards by at least 10%, renewable energy capacity, and acquisitions of existing buildings that meet high sustainability standards, such as being in the top 15% of energy performance or holding an EPC A certification.

“Demand for high-quality, sustainable industrial real estate is increasing across the economies where the EBRD operates,” said Vlaho Kojakovic, the EBRD’s Head of Real Estate. “By supporting VGP’s green bond programme, we are fostering the development of sustainable logistics infrastructure in markets where such assets are in short supply. This investment is in line with the EBRD’s commitment to advancing the green economy transition.”

Jan Van Geet, CEO of VGP, expressed gratitude for the continued support: “We are pleased to receive the EBRD’s continued trust and support through this green bond investment. It enables us to expand our footprint in key markets while contributing to the development of sustainable logistics and industrial facilities. This collaboration will help meet the increasing demand for modern infrastructure, all while promoting decarbonisation in the real estate sector.”

The EBRD’s ongoing investments in Croatia, Czechia, Hungary, Romania, Serbia, and the Slovak Republic now total €35.2 billion, marking its strong commitment to these regions’ economic and sustainable development.

Media Contact:

Jelena Pajic

Email: media@ebrd.com

SOURCE: EBRD