VGP: announces the purchase of the La Naval shipyard site in Bilbao and the start of the industrial, technological and sustainable transition.



VGP announces the purchase of the La Naval shipyard in. known

Bilbao and the introduction of industrial, technological and

sustainable renovation.

Bilbao, November 30, 2021. VGP, developer, manager and owner of high-quality industrial facilities, announces the official acquisition of the site of the former La Naval shipyard on the Bilbao estuary.

The project to revitalize the industrial area comprises 280,000 m² of land, including the existing industrial buildings, dry docks and offices of the former shipyard. VGP completes the liquidation

Processing of the property in the municipality of Sestao, directly on the

Bilbao estuary,

after the judicial / insolvency law approval of the asset liquidation plan of











VGP’s plan for a new park with an emphasis on industrial activities will preserve existing features and historic buildings to preserve the iconic features of the former shipyard. The dissolution of the licenses and authorizations takes place in close cooperation with all administrations involved.

“For VGP, the process of adapting the systems to the industrial activity of the 21stNS Century inevitably requires taking care of the local fabric of business and forecasting profitable and sustainable growth in terms of employment and the environment. “says Joan Lacosta, Country Manager VGP Spain.

VGP’s commitment to develop a benchmark industrial project that meets the requirements for sustainable and energy-efficient construction includes the goal of obtaining BREEAM certification for the future park.

VGP and its growth in Spain

VGP started its operations in Spain in June 2015. Since then, it has completed acquisitions of more than one million square meters of commercial space in Madrid, Barcelona, ​​Zaragoza, Valencia, Seville and now Sestao. Drawing on its experience as a group operating in 14 European countries, the company currently has more than 300,000 m² of built-up area in the country, demonstrating the company’s commitment and confidence in the development of new industrial and logistics projects of reference in the main industrial centers of Spain.


VGP has set itself several goals that will enable the company to achieve carbon neutrality by 2025.

DownloadVGP Corporate Responsibility Report 2020


VGP is a pan-European developer, manager and owner of high quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with skills and many years of expertise along the entire value chain. The company has a building land bank (owned or tied) of 10.49 million m² and the strategic focus is on the development of commercial areas. Founded in 1998 as a family-owned Belgian real estate developer in the Czech Republic, VGP owns and operates assets in 12 European countries with around 350 employees directly and through several 50:50 joint ventures. In June 2021, VGP’s 100% gross asset value including its joint ventures was € 4.48 billion and the company had a net asset value (EPRA NTA) of € 1.51 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).

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Disclaimer of liability

VGP NV published this content on November 30, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on November 30, 2021 19:00:05 UTC.



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