VGP and Allianz have created a 50:50 joint venture.

VGP, the Antwerp-based pan-European developer, manager and owner of logistics and semi-industrial real estate assets and Allianz, a real estate investor have created a 50:50 joint venture. “We are delighted to further expand our partnership with Allianz Real Estate. Our group has grown significantly since the inception of the first joint venture in 2016 and the increased investment capacity, as well as enlarged footprint of the combined two joint ventures, fits really well with our expanded pan-European profile. Through the combination of the two, we can continue to recycle our invested capital and re-invest the disposal proceeds in the development and expansion of our portfolio.” Jan van Geet, VGP CEO.