The logistics and industrial real estate developer VGP has reported that that it expects a net profit of between €190m and €210m or 2019. If confirmed, it would be a considerable improvement over the €121m result it produced in 2018. The company’s announcement is based on current preliminary unaudited consolidated accounting. VGP’s Chief Executive Officer, Jan Van Geet, “During the year we have signed a record €53.3 million of annualized new lease agreements which is propelling new development activities across the portfolio. Further we are very confident for the outlook for 2020 as we continue the implementation of our pan-European roll-out.” Full-year figures are expected to be published at the end of February.
