17/ 2020 Entrepreneurship in harmony with the environment? - Challenge accepted! - VGP Park
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Building tomorrow today We contribute with turn-key solutions to your success www.vgpparks.eu published by — editor-in-chief — photography — VGP Jan Van Geet VGP archive, Pavel Horák, www.phph.cz Jenišovice 59 editorial staff — LemonOne, www.lemonone.com 468 33 Jenišovice u Jablonce nad Nisou Jan Van Geet, Petra Vanclova, Karen Kindred. s.r.o., www.kindred.cz Czech Republic Huybrechts, Gale A. Kirking, CFA, MBA www.shutterstock.com tel +420 483 346 060 (English Editorial Services, s.r.o.), design — e-mail location@vgpparks.eu Anette Nachbar (Brunswick Group GmbH) Markéta Hanzalová, www.colmo.cz www.vgpparks.eu language editor — print — Issue 17, volume XIII. English Editorial Services, s.r.o., ASTRON studio CZ, a. s. Brunswick Group GmbH MK ČR E 20480
Unprecedented 03 Editorial times 04 News Dear readers, If you look outside the window these days and weeks, it may almost seem as I am proud of all the employees who keep our business running every 06 Business if your own neighbourhood, your own day. Their team spirit, solidarity and The City of the Senses – city, almost the whole world held its personal commitment set an example breath for a moment. for us all in this exceptional situation. Laatzen in Lower Saxony No planes in the sky, no inner- We at VGP think long term – the city traffic chaos, no kindergarten or school, but also no lively activities in right balance between tradition, innovation and sustainability is the 08 Project the parks or open-air restaurants dur- foundation for our daily work. It VGP Park Nijmegen ing spring temperatures – no doubt, has just now become clear that this the Corona crisis affects us all. It is a guiding principle is a solid founda- stress and character test, with major changes for each one of us, but also for tion that stands firm even in stormy times like these. With a full order 09 Excursion the whole of social life, for European book, a diversified and high-quality Zaandam and solidarity and the global economy. tenant portfolio across a wide range the Zaanstreek: Protecting people’s health is a prior- of industries and regions and a strong A prosperous region ity. However, it is not yet possible to balance sheet, we are well positioned foresee at this stage fully what impact to master the current situation. for four centuries the shutdown will have on economic Nobody can predict exactly what life and on our partners and tenants. Many, and especially smaller compa- the consequences of the pandemic will be in the future, nor can anyone 12 nies, are today struggling to survive. promise anything. However, the an- Carving out a place How to stabilise operations in such a swer to this uncertainty must not lead in a footwear tradition phase? How to adjust the strategy in or- to a sense of resignation. It is precisely der to be able to grow again during and when things get difficult that we must especially after the crisis? And what does this mean for leading employees? set ourselves goals and do something about them – individually, together, as 14 Quo vadis At VGP too, we have seen this citizens, as Europeans, as companies. Jonathan Watkins change in recent weeks. Many em- You will learn more about our pro- ployees work from their home office. jects and goals on the following pages. I myself am sitting quite unusually at home in my study while writing 16 Our team this text. We nevertheless have shown People in the VGP team impressively in recent weeks that the Stay healthy and "New Normal" at VGP does not mean standing still. I am really impressed take care of yourselves and your loved ones! 20 Brand story by what we have achieved together Jan Van Geet Albert Heijn: Grocery since the beginning of the restrictions necessitated by the pandemic. stores for all consumers Our managers and teams have made an unparalleled commitment to ensuring that the health, safety 22 Interview and well-being of our employees and Olaf Tschimpke partners are always our top priority, while at the same time maintaining business operations. Apart from a few temporary interruptions, all our 23 pre-leased development projects have Inspiring humans resumed with minimal delays. For for nature example, we further expanded our co- operation with the Allianz Group and successfully raised capital through the private placement of new shares. 24 Dreams The Keeper of Fairy Tales 27 Do you need space? pages 2/3
Foundation’s third board member, she Anne De Paepe joins joins Jan Van Geet, CEO of VGP, and Olaf Tschimpke, who is chairman of the VGP Foundation Board Nature and Biodiversity Conservation Union’s International Nature Conser- vation Foundation. The Conservation Union is Germany’s largest nature and Professor Anne De Paepe, who cur- biodiversity conservation association. rently chairs the Board of Directors Mr Tschimpke’s main focus within the of the Ghent University Association, VGP Foundation is on nature conserva- has been named to VGP Foundation’s tion. In announcing her nomination, Board of Directors. A professor of hu- Mr Van Geet, remarked that “Anne man and medical genetics at Ghent will strengthen the VGP Foundation’s University, Prof. Dr. De Paepe is an board through her inquisitive nature expert in rare hereditary diseases and and analytical perspective, driven by developed the Ghent University Centre her conviction as to the importance of for Medical Genetics into an interna- education in the development of young tionally renowned institution research- people’s talent.” ing hereditary diseases. Since 2019, Prof. De Paepe noted in accepting Prof. De Paepe has been a board mem- the position that she strongly believes ber of TAJO (Talent Atelier for Youth), in the view that acquiring knowledge which supports disadvantaged children always creates a thirst for still more in and around Ghent, Belgium. In her knowledge. “Therefore,” she said, new role, she will focus on social pro- “I welcome the efforts of the VGP Foun- jects, such as education and childcare, dation to help ease access to education which comprise one of the Founda- to the wider community, particularly tion’s key areas. The Foundation, as socially vulnerable youth continue established in 2019, also is focused on to be deprived of opportunities. In or- biospheres preservation and protect- Anne De Paepe der to seize opportunities, young people ing European cultural heritage. As the must first be given opportunities.” through third-party solar power op- Rooftop solar is helping VGP to erators. The company is in advanced discussions, though, for the installa- achieve its sustainability goals tions of a further 36.8 MWP, most of which will involve direct investments by VGP. A new company, VGP Renew- able Energy N.V., has been established It may be difficult to imagine a negotiated in other countries. So to expand the roll-out of photovoltaic place better suited to converting far, projects enabling the generation installations in co-operation with solar energy into electricity than the of 16.5 MWP all have been arranged VGP’s tenants. expansive roofs of VGP’s logistics warehouses. Projects to install solar panels generating approximately 53 megawatts of electricity at peak capacity (MWP) have either been installed on VGP warehouses or are in the pipeline. Upon completion, these installations will provide electricity sufficient for 11,605 households and reduce CO2 emissions by 6,755 tonnes annually. Rooftop solar enables VGP’s clients to consume locally produced green energy without imposing aesthetic burdens on their local communities. Other benefits of this decentralised contribution to energy production include more continuity and availability of energy at specific industrial logistics parks and their surrounding communities while reducing potential burdens on the network. The main projects with solar panels under construction are VGP Park Munich, VGP Park Nijmegen, and VGP Park Roosendaal. Fifteen new projects in Germany and two projects in the Netherlands are ongoing, and VGP Park Leipzig, Germany additional installations are being issue 17 — 2020 — volume xiii.
During Q1, VGP signed rental agree- Responding to covid-19, ments corresponding to annual income of € 5.9 million in new leases (€ 2.7 but looking beyond million on behalf of JVs) and € 1.7 mil- lion of renewals (all on behalf of the JVs). Annualised committed leases at March 2020 totalled € 159.9 million (vs Nothing is more important to VGP “Our primary focus today is the health € 155.0 million as at December 2019). than the well-being of its employees and safety of employees and partners, The JVs accounted for € 104.0 million and partners during the present strug- yet, due to the agility of our teams and of that. VGP had 37 projects under con- gle with covid-19. The company and operating model acting as in-house struction totalling 865,000 m2 of future its stakeholders also recognise that contractor, our pre-let development lettable area. The projects are expected life, work and business will continue pipeline is running nearly entirely to generate € 54.4 million of new rent after this crisis, and they are helping on schedule,” reported Jan Van Geet, when fully built and leased. Three VGP to remain strong and ready for VGP’s CEO, upon release of the Q1 projects were delivered during Q1 and the future. The VGP team has mostly trading update in April. “Combined are 100% let. VGP acquired 0.56 mil- been working from home since mid- with a full order book, a diversified lion m2 of land in the quarter. At VGP March. Where possible, construction and quality tenant portfolio across Park München, 3 buildings and 2 park- work has continued. Incoming rental a broad range of industry segments ing houses are already under construc- payments have so far been little im- and a strong balance sheet, I hope tion. Completion of the first building, pacted, and development continues and believe we are well placed to for BMW, is expected in August. The under a new joint venture with Allianz weather the current storm.” other buildings should be delivered to at VGP Park München. KraussMaffei by November 2022. market backdrop with the EURO Stoxx Capital increase will support 600 and S&P 500 indices dropping by as much as 0.9% and 2.2% during the VGP’s targeted and future bookbuilding period, respectively. Mr Van Geet noted that the offer of investments shares “met with strong demand from both local and international inves- tors,” adding. “We are grateful for the ongoing support by existing investors On 21 April, VGP completed a Mr Bart Van Malderen subscribed and welcome our new investors.” The € 200 million capital increase. This to and were allocated € 70.0 million new shares increase the company's front-footed transaction has provided and € 40.3 million, respectively. The ordinary shares outstanding from the the Group with additional resources to transaction, which was the first capital previous 18,583,050 to 20,583,050. The pursue its strategy of capturing invest- increase recorded by a public com- new shares are immediately entitled to ment opportunities through purchase pany in Belgium since emergence of dividends. Based on the new num- of prime land locations and will the coronavirus pandemic, met with ber of ordinary shares outstanding, ensure delivery on the significant pre- very strong investor demand which the 2019 dividend per share will be committed pipeline. The transaction, resulted in the “books being covered” adjusted to €2.93 from the € 3.25 per which represents 10.8% of the issued within 32 minutes of launch and the share previously announced. J. P. Mor- share capital pre-capital increase, final book being multiple-times over- gan and KBC Securities were joint was launched intraday at 13.00 CET subscribed at the final offer price. The global coordinators and joint book and books closed at 16.03 CET the transaction priced at € 100.0 per share, runners responsible for placing the same day. In line with their pre- which represents a 4.6% discount to issue. Belfius Bank also acted as joint commitments, Mr Jan Van Geet and the last closing price, against a volatile book runner. Download our Download our Annual Report 2019 Corporate Responsibility Report 2019 News pages 4/5
Business Photo © Shutterstock The City of the Senses – Laatzen in Lower Saxony Interview with the mayor of Laatzen, Jürgen Köhne
In the central northwest of Ger- Photo © City of Laatzen many is the state of Lower Saxony, the second-largest of the 16 German states after Bavaria. On the state coat of arms, a grey horse on a red back- ground, the so-called “Sachsenross”, spans an arc from well-known horse breeding (e.g. in Verden) to the world- famous automobile industry (VW) based in the state. In the state capital of Hanover, one speaks – so they say – the purest “High German”, in other words without any dialect. Very close by, south of the Hannover region, the medium-sized city of Laatzen Mr. Jürgen Köhne, Mayor of Laatzen is located. The city with around 44,700 inhabitants is an outstanding industrial location due to its good infrastructure. In addition, extensive Since its opening, it has been ex- educational, leisure and recreational panded further and has only gained facilities have led to the settlement in charm and appeal. A dedicated of numerous companies. The diverse support association is committed to range of retail shops also contributes maintaining the park and also helps to to the success of Laatzen as an indus- finance new projects. trial location. Q Mr. Köhne, you have been the largest industrial goods fair, and who Q What other factors do you think play a role in triggering directly elected mayor of the are also numerously accommodated this development? town of Laatzen in Lower Saxony in hotels or private accommodations The example of the development of since 1 November 2014. Your town in Laatzen, it is the open-mindedness Laatzen shows what is possible when is still very young, isn’t it? of its citizens for the modern and an open-minded administration and The city, full of green, whose city new. Diversity is seen as an opportu- efficient business development work centre “Laatzen Mitte” was created in nity in the city – people from more hand in hand for the benefit of its citi- the 1970s and whose charm is usu- than 100 different nations live in zens and businesses. The city is well ally only revealed at second glance, Laatzen – and the city is very open to positioned for the future in any case. did not even exist half a century international inspiration. ago. Where 20,000 people live today, fifty years ago there were still fields Q Are there other examples Q And what else is there to see in Laatzen? and meadows. The municipality of that mark Laatzen as A small hint for all those who are also Laatzen was only granted municipal a world-open city? interested in history, and perhaps won- law in 1968 by Lower Saxony's Inte- This is also reflected in the culture. der why so many visitors from Norway rior Minister Lehners. This marked As part of the world exhibition “EXPO and Denmark come to the city every the beginning of a turbulent urban 2000”, the city became part of the year: The Danish naval hero Vice Ad- development. Since 1974, the differ- exhibition concept with a bold “Park miral Peter Wessel, called Tordenski- ent districts Ingeln-Oesselse, Rethen, of the Senses”. Laatzen was heav- old, fell in a duel against the Swedish Gleidingen, Grasdorf, Alt-Laatzen and ily involved in the events and many colonel Jacob Axel Steal of Holstein in Laatzen-Mitte are together the “City Laatzen residents became frequent the Gleidinger Sehlwiese near Laatzen. of Laatzen”. guests on the Expo grounds and A granite stone from Trondheim was enjoyed the international flair. When placed here in 1958. The 300th anni- Q What led to this? Major employers such as the the EXPO ended, the park, which was designed by landscape architect versary of his death is coming up on November 12th. But I can assure you: Deutsche Rentenversicherung Hans-Joachim Adam, was retained. There will be no more duels here! Braunschweig-Hannover have settled Photo © VGP in the city since then, companies like Siemens have chosen Laatzen and opened branches. In the heart of the city, the “Leinecenter”, a large mall with many shops, established itself as a local centre. And more recently, medium-sized companies like Krauss- Maffei Berstorff have announced the construction of new sites. Q Mr. Köhne, what exactly makes this city, which has grown enormously in recent dec- ades, so attractive apart from its convenient location? If you believe the many visitors from near and far who come to Hannover VGP Park Laatzen every spring to attend the world's Business pages 6/7
Project VGP Park Nijmegen combines strategic logistics, multimodal transport, and renewable energy A15 near the German border, Park 15 Situated in the heart of the Arnhem– benefits from its proximity to the in- Nijmegen region, VGP Park Nijmegen is tersections of such North–South and at one of the few locations in the central East–West routes as the A15, A50 and A73 motorways. Plans call for the A15 and eastern part of the Netherlands where to have a direct connection with the large-scale logistics and distribution A12 into Germany by 2023. Lessees include the solar energy centres can be developed and built. supplies company ESTG B.V., the supplier of sustainable disposables and food packaging Conpax, and the VGP’s park, which is suitable for small large food retail group Ahold Del- or large, tailor-made logistics solu- haize, which is extending its online tions, for light manufacturing or for commercial activities, is within the 356,592 m2 activities at VGP Park Nijmegen. A new Albert Heijn Home Shop Center vast Park 15 Logistics development Land area (HSC) currently under construction area between Nijmegen and Arnhem. will be Breeam Very Good certified. It VGP Park Nijmegen was VGP Group’s first semi-industrial development project in the Netherlands although 205,000 m2 will provide approximately 21,000 m 2 of warehouse space and 2,700 m 2 of office space. The new Home Shop it was quickly followed by a project in Lettable area Center will employ ca 1,000 people, Roosendaal. who will collect and deliver 40,000 Taking shape within a land space orders per week to customers in the immediately amid waterway, mo- and there are plans for a rail terminal East Netherlands region. torway and railway routes, Park 15 on the Betuweroute freight railway VGP Group first acquired land at has all the ingredients to become a directly next to the logistics park. Nijmegen in 2018. That was suffi- multimodal transport node. It already This means there will be a direct rail cient for constructing approximately has a container terminal located on a connection to Rotterdam and Europe. 155,000 m2 of lettable area. At the main branch of the Rhine (the Waal), Positioned at the terminus of the end of 2019, VGP acquired another 80,000 m2 of development land within Park 15. An additional 8,000 m2 was ac- quired in March 2020. This will enable the development of approximately 205,000 m2 of built-to-suit lettable area in total and offer the possibility for more growth in coming years. The overall vision for the Park 15 Logistics development area is to have a strategically very important assem- blage of business parks and also gener- ate renewable energy. Among firms already established in the general area are Lidl, Kraft Heinz, the large Benelux logistics company Nabuurs, Mars, McDonald’s, Shell, SCA hygiene products company, and the Nether- lands private-label food manufacturer SupperFood. In a first phase, 13,679 solar panels generating 4.6 MWP are VGP Park Nijmegen, the Netherlands being installed. Installation began in March 2020. issue 17 — 2020 — volume xiii.
Photo © Kooijman Souvenirs & Clogs 2016 Excursion Zaandam and the Zaanstreek: A prosperous region for four centuries The Dutch Republic was in its Golden Age when in 1697 the 24-year-old Russian Tsar Peter I set out on his so-called Grand Embassy to see Western Europe.
Peter (someday to be called Great) Photo © Kooijman Souvenirs & Clogs 2016 made it one of his main goals to learn what was enabling the Dutch, Eng- lish, Spanish and Portuguese to build global empires so that he could use that knowledge to transform his back- ward country. Peter’s search for future greatness brought him to Zaandam, which was at that time a shipbuild- ing centre and one of the world’s first industrial areas. Already at that time several hundred windmills were operating in the area, their spinning, cloth-covered sails providing power to mill grain, saw logs imported from Scandinavia into boat timbers and lumber, pump water, and run other early industrial machinery. What Peter must surely have learned was that ingenuity, mecha- nisation, hard work, accumulation and clever investment of capital, plus openness to the wide world were fundamental to building broadly dis- the Netherlands’ most popular tourist Photo © Kooijman Souvenirs & Clogs 2016 persed prosperity. The young tsar took attractions. a short shipbuilding apprenticeship at A foundation was created in 1961 Zaandam and lived there for a time in to develop the area, and each year for a simple wooden house that has been the next decade and a half ancient preserved to this day. Later known for windmills and other structures began building Russia’s first navy and also as to be moved in on low trailers and a canal builder, Peter must have been by boat from across the surrounding impressed, too, by the Dutch Repub- Zaanstreek. Visitors can learn about lic’s many waterways. these buildings and the lives of the Those coming today to Zaandam merchants, farmers, millers, bakers, and its surrounding region of Zaan- cheesemakers, fishermen, tinsmiths, streek will get some hints of life in coopers, and others who occupied those earlier days by visiting Zaanse them. They also can stop in at the Schans, an assembly of preserved original grocery store that Albert windmills, historic buildings, and mu- Heijn took over from his father in 1887. seums arranged along the River Zaan That event marked the founding of the embankment. Zaanse Schans is one of Dutch branch of what is today Ahold Photo © Kooijman Souvenirs & Clogs 2016 issue 17 — 2020 — volume xiii.
trails and bicycle rentals are avail- Photo © Kooijman Souvenirs & Clogs 2016 able. Popular bike routes pass through a blend of rural, urban and natural area landscapes. Nearby Amsterdam of course offers numerous attractions, including, for example, the Van Gogh Museum and the Rijksmuseum, which is a national museum devoted especially to history and the arts. The Anne Frank House and Museum as well as the Rembrandt House Museum are must-sees for many visitors. The Albert Cuyp Market is Amsterdam’s largest outdoor shop- ping place. A feast to the eye and nose as well as the palate, this popular mar- ket is open Monday through Saturday. Try a caramel-filled stroopwafel with coffee, the famous Dutch cheeses, some pickled herring served on a bread roll with raw onions, and the Oktoberfest poffertjes (almost bitesize pancakes served with butter and powdered sugar). Amsterdam’s parks (and espe- cially its large Vondelpark), botanical garden, and zoo are also popular. A pleasant daytrip from Zaandam can be made to nearby Edam (home of the famous Dutch cheese by the same name) and the adjacent fishing village of Volendam. It is completely feasible to do this trip also by bicycle Photo © Kooijman Souvenirs & Clogs 2016 Delhaize, the Dutch–Belgian holding (22–26 km one way from Zaandam, of grocery and other retail stores. depending on the choice of routes). Several of the buildings at Zaanse Edam is a beautiful village for stroll- Schans are thematic museums. Very ing, and the traditional public cheese popular and deliciously aromatic are market is re-enacted on Wednesday the bakery and chocolate museums. mornings during July and August. Other museums are devoted to clocks If you would like to see and learn and to windmills. Live demonstrations how Dutch-style cheeses are actually of traditional trades are also featured. made, however, you will want to go These include pewter casting, vegeta- down the road a couple kilometres to ble oil production, pigment manufac- Volendam and visit the cheese factory turing from natural materials to be there. Volendam is traditionally best used in producing textile dyes, distill- known for producing smoked eel, so ing and, of course, crafting of wooden the visitor will want to be sure and shoes (See separately “Carving out a give that a try. place in a footwear tradition”). Although today’s visitors to Zaan- Tsar Peter’s house is located not at dam may not discover any secrets to Zaanse Schans but in Zaandam’s city their future greatness, they can expe- centre. The centre is worth a visit in rience a first-rate sampling of Holland its own right for the sake of interesting through the ages. buildings both old and new (and new Photo © Kooijman Souvenirs & Clogs 2016 looking old), shopping, and strolling along the canals. The most-striking ar- chitectural work is perhaps the Inntel Hotel, whose façade makes it appear to be a collection of traditional Zaan- streek houses neatly stacked together. Of course, visiting Zaandam and Zaanse Schans is only one high point of an excursion to the province of North Holland. Lying just north of Amsterdam, Zaandam is today essen- tially a contiguous part of the Neth- erlands’ capital city. Boat tours of the area are available and, as true of the Netherlands everywhere, there is no better way to see and appreciate the local sites and culture than to travel by bicycle. There are many, many bike Excursion pages 10/11
Photo © Kooijman Souvenirs & Clogs 2016 Carving out a place in a footwear tradition Not many people are so lucky as to make found during excavations in the old centre of Amsterdam and has been a living pursuing their hobbies. Jaap dated to the year 1230. Kooijman was a rarer man still, because The fact that Jaap had been able to collect so many examples of shoes his son and grandsons are still running even hundreds of years old was a the business that grew out of his hobby combination of good luck and dedica- of collecting wooden shoes. tion. “Wooden shoes were never kept by people,” his grandson explains. “Once they were worn out, the wooden shoes were thrown into the fire as firewood That business has continued and grandfather had a huge collection of and a new pair would replace the old grown to become a very popular old wooden shoes (dating back to the one. So, there’s a great possibility that tourist site in the Netherlands – the 16th century), which is still on display wooden shoes are way older than a Wooden Shoe Workshop of Zaanse in our museum today. Our father took thousand years!” Schans – and an amazing exhibition of over the business in the 1990s, and at “The wooden shoes like we know Dutch footwear – the Clog Museum. the moment my brother Robin and I are them in Holland, with a closed wooden “Our family business started on the taking it over from him.” cap, are originally Dutch. They were first of April 1974,” explains Justin Along with windmills and tulips, great to use for working in the fields Kooijman, “when our grandfather nothing could be more characteris- and make good safety shoes,” Jus- and grandmother, Jaap and Ineke tic of the Netherlands than wooden tin explains. “They can withstand a Kooijman, started the Wooden Shoe shoes or clogs (or klompen, as they pressure of 750 kilograms on the nose! Workshop on the Zaanse Schans.” At are onomatopoeically called in Moreover, they were relatively easy to that time, the Zaanse Schans was just Dutch). And folks from the Low Coun- make and also cheap to make. Other taking off as a tourist attraction and tries have long been clomping about countries surrounding the Nether- preservation area. “Our grandparents in wooden footwear. Justin, who lands also used wooden shoes, but they saw an opportunity to show visitors clearly shares his grandpa’s enthusi- were only partly made out of wood the history and handicraft of wooden asm for wooden shoe lore, relates that and aren’t as old as the original Dutch shoemaking,” Justin continues. “My the oldest known wooden shoe was wooden shoe.” issue 17 — 2020 — volume xiii.
time people had their initials or names Photo © Kooijman Souvenirs & Clogs 2016 on the cap of the wooden shoes. That was so they could find their shoes after the service, since you couldn’t enter the church with your wooden shoes and had to leave them outside.” The Kooijmans have some of these special church-going shoes on display. Another special type is the bridal shoe. A hopeful suitor might spend many months carving and dec- orating a pair of shoes as a gift to the woman he hoped to have as his bride. His proposal, then, would include to offer her these shoes. “If she said ‘yes’,” Justin says, “the shoes could be found next to her bed the next morn- ing! We have a lot of bridal wooden The Wooden Shoe Workshop on the Zaanse Schans shoes on display in our museum, and these are actually my favourite.” Many visitors to the Wooden Shoe Workshop select a pair to take We should note that Justin says home suiting their tastes and foot “relatively easy to make”. To learn the size. That brings a couple questions shoemaker trade traditionally took to mind: Do people actually wear about 7 years, and a good shoemaker wooden shoes today or are they just could carve out a pair by hand in for decoration? If they do wear them, 2–3 hours. The Netherlanders were of is there a trick to doing so comfort- course well known already centuries As one might expect, in recent ably (because, well, frankly, they do ago for their manufacturing inventive- centuries, wooden shoes were tra- not look all that comfy)? ness, and that is true also for their ditionally worn most by poorer and Justin reports that about a mil- traditional shoes. “During the indus- middle-class people while those in the lion pairs of wooden shoes are still trial revolution,” Justin notes, “ma- wealthier classes were more likely to sold in the Netherlands each year and chines were invented to copy a model wear shoes made partly or wholly of they are commonly worn by farmers of a wooden shoe. It works according to leather. That is not to say, though, that and factory workers (since the 1990s, the same principle as for how keys are the common people could not make a they have been CE certified as work- copied. You can place a model shoe of fashion statement with their footwear! ing shoes). The shoes are cheap, very any size into the machine and a pair of “Because every region, city or strong, comfortable, durable, envi- wooden shoes is copied within a min- province in Holland used to have its ronmentally friendly, waterproof, and ute! The outside part is made on one own particular shape and decoration,” have an orthopaedic foot shape. The machine, and the inside is drilled out Justin notes, “you could see where trick to comfort, he says, is a thick on another. After that, the shoes are someone was from just by looking at woollen sock and a finger of space dried by the wind – but not in the sun, their wooden shoes. In earlier days, behind the heel. because otherwise the wood might split people also used to have ‘Sunday’ “This makes wooden shoes actually – and then sanded to avoid splinters.” wooden shoes to go to church in. They very comfortable,” Justin declares, Visitors to the Kooijmans’ shop at were painted beautifully with a lot of “and I prefer my wooden shoes over my Zaandam on the northern outskirts of decorations and details. Most of the sneakers any day!” Amsterdam can witness these ma- Photo © Kooijman Souvenirs & Clogs 2016 chines in operation. They will also learn from visiting the museum that the basic shoe, whether it was made by hand or machine, was just a start- ing point for a creative Dutchman or Dutch woman. Being made of wood and with large surface area, the simple shoes are almost just too inviting not to be carved or painted or adapted in some way or another. Justin says his grandfather had started collecting shoes at a very early age, and he acquired a lot of very special shoes. He had so many, in fact, that the museum can only display about 10–20% of the collection at any one time. The family rotates the exhibits, so visitors today may not see all the same shoes as they might have seen there on an earlier occasion. “We’re still trying to add new shoes to our collection, too,” Justin remarks, Copying a model shoe in just a minute “but this is getting harder every year.” Excursion pages 12/13
Quo vadis Jonathan the challenges? In some of the countries where we operate there are not many companies Watkins building speculatively as we do, this gives us an edge. However, the biggest challenge is keeping the quality of the location high. If we compromise on the quality of the location the risk of not successfully letting a building Interview with Jonathan Watkins, increases exponentially. who joined VGP's management team as Chief Operating Officer (COO) Q Sustainability has become one of the key themes for Western Europe on 1 December 2019. VGP. Is this an increasing demand from your customers/tenants or what induced the company Since 1 December 2019, Jon is part to take this step? of VGP’s management team as Chief The company has just published it’s Operating Officer (COO) Western first Corporate Responsibility Report. Europe. In this role he supports the This clearly underscores the com- country teams in Germany, the Ben- pany’s progress and commitment to elux, Portugal, Spain and Italy as well strengthening sustainability efforts as leading potential expansion of the across its day-to-day business. This Company into other Western Euro- is not a “nice to have”; it is integral to pean countries. our strategy, and a clear signal that we want to do more in creating value for Q Jonathan, can you recall when you first learned about VGP? our customers and shareholders. Yes, when I was working with Amazon and looking for properties in Ger- Q Can you give a few examples of sustainable solutions that many, our park in Frankenthal was VGP offers its customers? one of the first leases that I signed on The company has already launched behalf of Amazon. and implemented numerous ini- tiatives in 2019, such as the launch Q After a successful career as EME Head of Real Estate Jonathan Watkins of VGP Renewable Energy, a new separate business line 100% owned at Amazon, you joined VGP in Jon was most recently EME Head by VGP N.V., to capitalize the avail- December 2019. What made of Real Estate at Amazon, in which able roof space on the VGP parks VGP so attractive for you? capacity he was responsible for for photovoltaic systems and most In my previous job I negotiated three Amazon’s warehouse and logistics current energy technologies, the clear lease deals with VGP and through this buildings throughout the European intention to certify all new buildings I was able to meet and get to know Union and the Middle East, with a from this year onwards with BREEAM some members of the VGP team. special focus on the two biggest (Building Research Establishment I was struck by the family nature of markets of Germany and the UK. Environmental Assessment Method) the company, the quality of the team For Amazon, he secured over certifications and the launch of the and the speed of the decision mak- 3 million m² of warehouse and VGP Foundation. And for 2020 we ing, which for a stock market-listed logistics space. Originally from have set ourselves enhanced sustain- company is exceptional. These things Wales, he has lived in Germany, able development goals, as we believe separate VGP from the other devel- Scandinavia and Luxembourg. the private sector plays an important opers that I have worked with in my role in creating solutions that help career so far. I really felt as if it was a grow the economy and addressing company I would enjoy working for in challenges such as climate change. the long term, and so far, I was right! materials to produce our product, so Q In your role you will sup- establishing a long-term pipeline for the future is vital. In terms of recruit- Q Finally, you are originally from Wales, however, port the country teams in ment, we currently have a first-class have gained quite a lot of experi- Germany, the Benelux, Portugal, team in place. However, as we grow, ence living in various places of Spain and Italy as well as leading we need to grow the team as well. It is Europe. What did you find exciting potential expansion of the Com- a big priority to strengthen the team to live in those countries? pany into other Western European and maintain the spirit. But only if Any favourite place? countries. After the first few we find people who will fit with our During my time in the army I was months, what do you see as culture and share our values. based for two years near Düsseldorf, your top priorities? which was a city I really enjoyed Without any hesitation, it is land acquisition and recruitment. With- Q What opportunities do you see for VGP’s business in spending time in. It is so great to have the opportunity to go back there all out land we don't have the basic raw those markets? And what are these years later. issue 17 — 2020 — volume xiii.
VGP Germany moves into new offices Until last October, VGP Industriebau GmbH was spread across two locations in Düsseldorf. It was necessary to consolidate into a single place. After a search and considering the options, the choice was made to move into a modern administrative building at Karl-Arnold-Platz 1. The office area is ca 1,400 m² within a total of 9,490 m² and provides a basis for a team of 65 people. An important aim was to create a pleasant workspace where our colleagues will be happy to work. The interior design makes use of wooden elements to create a warm atmosphere. We hope all our colleagues in Düsseldorf will find an inspiring environment there. Quo vadis / New offices pages 14/15
Our team Meet people in the VGP team VGP is making significant additions to its international team, thereby positioning the company even better to uphold its promise of quality and to generate growth. Here are some of VGP’s team members. Jacqueline Rosado Property Management Director, Spain Jacqueline joined VGP in January 2019, as the Property Management Director for Spain. She has focused her entire professional career in facility management. Jacqueline started out as the person in charge of soft services for some of the most emblematic buildings in Catalonia (Museu Marítim, Aquàrium de Barcelona, Biblioteca de Catalunya, and Teatre Nacional de Catalunya). There followed a successful 14 years at BNP Paribas Real Estate Property Management, where she was the Director for Catalonia in charge of developing the national market. Jacqueline enjoys spending her spare time with her family. She has two young sons who are full of energy and enjoy plenty of activities. She loves travelling, and each year she and her family discover a new country in the world. Her favourite sport is swimming, and she keeps herself in good shape by going to the pool at least twice a week. Javier Morales Technical Director, Spain A civil engineer with degrees from ETS ICCP Granada and ESTP Paris, Javier gained more than 20 years of solid experience working for Bouygues Construction, a French company ranked in the top 10 among the world’s leading construction companies. He has worked in the UK, Spain, France, Cuba, and the British West Indies, with roles ranging from project manager to project director in such high-profile projects as Paris Zoological Park and La Seine Musicale, a musical and performing arts centre in Paris. Before joining VGP in September 2019, Javier was in charge of operations for Bouygues’ Spanish subsidiary in Barcelona. He is in love with his 18-month-old baby, Mia, and, whenever she lets him, he likes kitesurfing in summer and skiing in winter. Travelling to all corners of the world and international cooking are the family activities he enjoys most. issue 17 — 2020 — volume xiii.
Manuel Fernández Commercial Manager, Spain Manuel studied business administration at the Universitat de Barcelona and, as part of his training, he spent one year as an exchange student at Elizabethtown College in Pennsylvania, U.S.A. Before joining VGP in the summer of 2019, he worked as New Business Development Manager at the car park management company Saba, which included a three-year posting in Chile. Prior to Saba, he had worked at the transport logistics company Abertis Logística. Manuel has devoted his entire career to business development, mainly focusing in logistics parks and parking lot properties. He loves sports, especially football, golf, and tennis. Laurent Jayr Development Director, Spain After working for more than 15 years in the logistics real estate sector at turnkey construction companies (GSE and ABCD) and a Spanish investment developer group (Abertis), Laurent joined VGP’s team in Spain in November 2017 as Development Director. Born in Perpignan, France and a resident of Barcelona since 1996, Laurent spends his free time with his family (wife and three sons, ages 10, 12 and 15), enjoying his hobbies rugby, football, music and cooking, and spending time with friends. Valentina Slavazzi Project Construction Manager, Italy Valentina has been working for VGP Italy in project manage- ment since May 2019. She graduated in civil engineering from Politecnico di Milano and has always shown a particu- lar interest in construction sites. She has worked as a de- signer and director of transport infrastructure works, under- stands parcelling plans and urbanization works at logistics sites, and has a talent for dealing with clients and construc- tion companies. Her first project in VGP is the build-to-suit construction of the new Macron headquarters in Valsamog- gia near Bologna. Valentina says she feels honoured and proud to be part of the new and dynamic enterprise that VGP is developing across Italy. She loves travelling, good food, and of course spending time with her husband and dog. Mauro Zanaga Technical Manager, Italy Mauro joined VGP in September 2019 with the conviction that it would be a great opportunity for personal growth. After graduating as an architect and studies at Politecnico di Milano, he studied further as a fire protection technician. At VGP, Mauro works mainly as a property and facility manager but also is involved in other phases of the projects (technical due diligence, building permits, etc.). In his previous job with a real estate firm, he acquired great experience in large- scale logistics construction projects that over ten years built 600,000 m² of warehouses for such large international groups as Carrefour, IKEA, Kuehne+Nagel, and Geodis. In his free time (which he notes usually means the weekend), Mauro says he spends every minute with his wife and 2 sons. Our team pages 16/17
Maleen Landwehr Commercial Officer, Germany Maleen has been working at VGP since 1 December 2019 as a Commercial Officer based in Düsseldorf, Germany. She studied economy and purchasing at Mosbach, Germany and Lyon, France. Maleen has 5 years of experience in the construction industry. Before joining VGP, she worked at construction company GOLDBECK in the project management department, where she was involved in reporting, purchasing, calculation, law, and supervising of the branch. Maleen’s work at VGP is in the area of property acquisition and project leases. In her free time, she likes to travel both inside and outside of Europe and engage in sports. Mirko Parys Head of Purchasing, Germany Mirko acquired 12 years of professional experience in the construction industry working at medium-sized companies and international experience as a project purchaser at Heitkamp engineering and power plant construction, August Prien construction company, and Brüninghoff construction company for the likes of engineering and industrial buildings, power plant construction, and waste incineration. Mirko also worked at Pro Projekte GmbH & Co. KG (Schwarz Produktion Group) where he was responsible for large projects such as PET-Recycling Factory or fully automatic high rack warehouse. Mirko is responsible at VGP to develop purchasing strategy for Germany and will be responsible for large projects such as the parks in Munich and Laatzen. Michael Herx Controlling Manager, Germany Michael has been working some 20 years in controlling roles within the real estate sector. He built up his controlling experience at the project development companies Franko- nia Eurobau AG and Kölbl Kruse GmbH. At insurer Generali, he started out at the Generali Real Estate subsidiary with re- sponsibility for project controlling and later was Senior Port- folio Controller in charge of the direct investments portfolio. Since September 2019, Michael has been Controlling Man- ager at VGP in Düsseldorf and responsible for developing the controlling function in Germany. He is the father of two boys, ages 13 und 15. In his free time, he often can be found playing handball or dancing salsa with his wife. Michael’s next goal is to qualify for a sporting boat licence. Sally Silze DGNB Auditor/LEED GA, Germany Sally has been working since December 2019 at VGP, where she is responsible for the sustainable construction standards that VGP would like to apply for all new projects. The company’s German projects should be certified DGNB silver or similar. Sally studied civil engineering at Jade University in Oldenburg. Prior to joining VGP, she worked at ZECH Bau, where she was in charge of sustainable projects and obtaining DGNB, LEED, and other certifications. Sally is also trained as a DGNB auditor. She enjoys travelling, and her preferred sports are skiing and diving. issue 17 — 2020 — volume xiii.
Kristof Janssens Legal Counsel, Belgium Kristof Janssens joined VGP as Legal Counsel in January 2020. In this capacity he will be assisting the different offices of VGP with all legal matters relating to their activities. Before joining VGP Kristof worked 5 years as a lawyer for the international law firm DLA Piper based in Brussels (Belgium), in which role he advised and assisted both international and national (listed) real estate companies with respect to their real estate and corporate matters. Kristof was born in Belgium and he holds a master’s degree in law from the Catholic University of Leuven. He lives in Brussels (Belgium) and loves hiking, travelling and reading. Gijs Spruijt Technical Director, The Netherlands Gijs Spruijt joined VGP’s Benelux team from 1 February 2020. He is responsible for technical aspects as that team works to expand VGP Parks within the Netherlands and eventually also in Belgium and Luxemburg. Gijs has long and various experience in developing and constructing all sorts of real estate. After working for several large construction firms, he was director of a construction company for 9 years. The past 2 years, he directed his own company in develop- ing the Park15 Logistics park near Nijmegen, which involved substantial collaboration also with VGP. Gijs is the father of 4 children, ages 12, 12, 16, and 18. In addition to his work, he enjoys mountain biking, swimming, snowboarding, racing his motorbike, and travel. Nela Kadlecová Commercial Officer, Czech Republic Nela has been working for VGP Czech Republic since September 2019. She graduated in international relations and European studies at the University of West Bohemia in Pilsen. Nela started her professional career in a Czech real estate development and investment company where she gained more than 6 years of experience in the field of marketing & PR. At VGP, she participates in the area of lease term negotiations, communication with tenants, and land acquisition. Before joining VGP, Nela had decided to travel the world. She lived in New Zealand, South East Asia and Australia. In her free time, she enjoys hiking, visiting new places and exploring international cuisines. Nela is also interested in architecture & design. Adrian Crizbasianu Country Manager, Romania Adrian has extensive experience in transport and logistics, having worked for over 15 years with DB Schenker in Roma- nia in various management positions. In the last 7 years, he was COO and member of the board of management. Adrian was actively involved in achieving Schenker’s market-lead- ing position in Romania, directly engaged in developing that company’s Contract Logistics – SCM division, and was in- volved in running a major project for reshaping and securing the future for Schenker’s Port Constanta terminal operations. As of 1 February, Adrian joined VGP’s management team as Country Manager Romania. In this role, he will be striving to accelerate development of Romanian operations with a short-term goal of extending VGP’s presence nationwide. Our team pages 18/19
Photo © VGP Brand story Albert Heijn Grocery stores for all consumers
Maybe one of the smartest of Albert Heijn’s many ideas in his career as an entrepreneur and grocery pioneer was that rich and poor alike should be able to shop at his stores. And by that he meant that every man and woman should be able to find and buy there what he or she wanted and needed. Now, that may not sound like a revolutionary idea in today’s super- market and even post-supermarket online world, but let us bear in mind that the very first store Albert Heijn took over from his father in 1887 at 21 years of age had just 12 m2 of floor space. In those days, the grocer in an apron picked the goods off the shelves and handed them across the counter to the customers. That first store was located in Oost- zaan, a village that is on the outskirts of Amsterdam and Zaandam in the of Ahold’s board would pass to a Although the original Albert Heijn Netherlands. A replica of that first non-Heijn with the 1989 retirement name continues to exist today on stores shop can be found today at the Zaanse of Albert Heijn, Jr., grandson of the in the Netherlands and Belgium, Ahold Schans in Zaandam (see story page 9). founder. Delhaize is today a fully international It was from this humble beginning The greater access to capital sup- group, operating nearly 7,000 stores that Albert Heijn, his descendants, ported continuing innovation and ex- under 19 brand names in 10 countries and later tens of thousands of em- pansion. In 1952, the company opened with approximately 380,000 employ- ployees and investors through the the first self-service supermarket in ees. The addition of Delhaize reflects decades built the multinational retail Schiedam to appear in the Nether- the company’s 2016 merger with the enterprise known today as Ahold lands. The idea of bringing packaged Belgian-based food retailer by that Delhaize. By the time the founder foods, bakery goods, fresh fruits and name. Delhaize is a company with a died in 1945, his chain of stores al- vegetables, and meat and dairy prod- history even longer than Ahold’s (in ready numbered in the hundreds and ucts all under one roof was rather new fact, dating back to 1867). Albert Heijn had seen – and overseen at that time. Another innovative con- The world of food retailing con- – many changes and innovations. cept – that of offering customers an tinues to change, and the group that The company had launched its own in-store magazine – debuted in 1954 Albert Heijn established 133 years ago house brands, including of coffee, with the launch of Allerhande. The will surely continue to pioneer in that chocolates, gingerbread, wine, pasta, magazine continues to this day. Of transformation. Indeed, change has dairy products, and “buttermilk” course, Allerhande also has changed wholly new meaning today. It is not soap. The operation became vertically with the times. These days it is avail- sufficient in 2020 just to make a full integrated to include warehousing, able also online, and customers and selection of high-quality goods availa- importing, and food processing. The others can find there more than 17,000 ble at convenient times and locations company began opening franchise recipes, as well as cooking demonstra- for competitive prices. These days, stores in smaller communities during tion videos and much more. consumers expect their grocers to do 1927. A wholesale business to serve Recipes and videos are ways of more, including to contribute actively what we today would call the food introducing customers to new foods to a better world and more sustain- service and institutional segment was and new ways to prepare the classics. able future. started up during World War II. Ahold has a history of innovating the Towards those ends, Ahold Del- The Albert Heijn holding company way modern consumers eat. In the haize is taking a hard look at its went public in 1948, offering its shares 1980s, for example, the company in- logistics organization, supply chains, on the Amsterdam Stock Exchange. troduced into its stores a certain hairy, product choices, waste management, That marked the first time that own- brown-skinned little fruit that was energy and water use, workplace ership extended outside the Heijn green on the inside. It had an interest- conditions and practices, and other family, although it would be another ing new flavour if one could just figure aspects of how its businesses are half-century before the chairmanship out how to eat the exotic kiwi. run to support the United Nations’ Sustainable Development Goals, or “SDGs”. Among the 17 SDGs, the group is especially focused on numbers 2) Zero hunger, 3) Good health and well- being, 5) Gender equality, 7) Afford- able and clean energy, 8) Decent work and economic growth, 10) Reduced inequalities, 12) Responsible con- sumption and production, 13) Climate action, 14) Life below water, and 15) Life on land. These are goals that the young grocer who took over his father’s store in 1887 never could have imagined, but they seem entirely con- sistent with his spirit of innovation. Brand story pages 20/21
Interview Olaf Tschimpke also on a European level. We partner Olaf Tschimpke was nominated to the with organizations in many countries. VGP Foundation's board of directors Environmental organisations are not as strong throughout Europe as from 21 February 2020. The geographer they are in Germany, given that some is chairman of the International Nature civil societies are not yet as strongly Conservation Foundation of NABU, the developed. I see a whole range of tasks that can be tackled together. As an largest German nature conservation example, I would mention the last vir- association. gin forests in the Carpathians, or the protection of wetlands in the EU. Q When did you first hear about VGP? Q Are you already thinking about specific projects that The company has been operating in you will propose to the Founda- the German market since 2013, so tion as worth supporting? I have been aware of VGP for quite We are currently in the process of some time. Before an industrial park identifying which projects – also from can be developed in Germany and a European perspective – we could a logistics centre built, for example, tackle first. The protection of forests a municipality must first designate is important, as well as the preserva- a commercial area. The nature conser- tion of migrating birds. Many of the vation authorities are involved in the Central European migrating birds approval process, and organisations are moving to Africa, connecting all such as the NABU are also consulted. countries where VGP is active. They Once this process has been com- migrate either on the western route pleted and the development plan is via Spain, on the central route via in place, the options of influencing it Italy/Malta or on the eastern route via are very limited. However, initiatives the Balkans/Turkey/Israel. It is there- with regard to what could be done on fore particularly important to protect such a site or on top of the buildings wetlands as important breeding, rest- can always be suggested. This is chal- ing and feeding areas. lenging, but also opens huge oppor- The protection of moors, which are tunities. The exterior area, which is Olaf Tschimpke an important reservoir of greenhouse not directly used for operations can gases – the Baltic States, for example, be developed into amusement parks have large areas of moorland worthy or greenery can be planted. And roof of protection – come to mind. areas can be used for solar or photo- decision very encouraging; it is good voltaic systems, to name just a few examples. that nature conservation is set as an additional topic. Q Are there going to be projects in each of the 12 European countries where VGP is currently Q What drove you to serve on the VGP Foundation's board Q From your experience as chairman of the NABU Inter- operating? The EU Commission is currently of directors? national Nature Conservation incorporating important aspects into Katherina Reiche, one of the board Foundation, or Foundation for its biodiversity strategy, which sets members of the company, drew my at- Nature, you bring along a lot of out the EU's sustainable development tention to the foundation. I have been experience and expertise. How goals. It sets the objective of turn- a committed conservationist for a long will you bring this into the work ing ten percent of total agricultural time and consider it as my responsi- for the VGP Foundation? land into decommissioned areas. The bility to contribute with my expertise I am excited to be able to help identify biodiversity strategy thus ties in with wherever possible. and launch meaningful projects. What the "Space for Nature" demands of There are many foundations that makes sense? Where can we make a the European nature conservation address social issues, and the VGP difference? The Foundation's aim is to associations in the Birdlife network. Foundation will do so, too. But in develop its own profile and to promote One focus will be on the protection the field of classical nature conser- projects that have an impact. Here, and restoration of ecosystems and on vation, when it comes to protecting I bring a lot of prior experience and an the development of green infrastruc- landscapes, animal and plant species extensive network with the Interna- ture at an EU level. Here we can get and preserving biological diversity, tional Foundation for Nature Con- involved and develop a concept under there are comparatively few. That servation of the NABU. Additionally, an “umbrella brand” for VGP for all is why I consider the Foundation's I bring with me an array of employees, European countries. issue 17 — 2020 — volume xiii.
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