VGP and DEKA Immobilien Complete Third and Final Closing in 50:50 ‘RED’ Joint Venture

PRESS RELEASE
Regulated information

Antwerp, Belgium, August 19, 2024 (07:00 CET)

VGP NV (‘VGP’) and Deka Immobilien, one of Europe’s largest globally active real estate investment companies, today announce the signing of the third and final closing of their 50:50 joint venture, RED (the ‘fifth joint venture’). This transaction comprises a logistics asset developed in a park that was transferred to the joint venture in the first closing. At the time, this asset was still under construction.