European logistics investor-developer VGP has appointed Kristoffer Kaae Stimpel to head its new office in Denmark as it expands its operations across the Continent.
Stimpel took up his role as country manager at the beginning of August and will oversee VGP’s expansion in the Danish market as part of the company’s growth strategy for Europe.
He has more than 20 years of professional experience in the Danish real estate market. Prior to joining VGP, Stimpel worked at grocery chain Lidl where he was head of the real estate team with overall responsibility for the purchase and sale, project development and planning of new stores and logistics centres. In this capacity, he built up experience working on international transactions as well as advising national and international parties.
Euronext-listed VGP is a pan-European developer, manager and owner of logistics and semi-industrial real estate with operations in 16 European countries, both directly and through several 50:50 joint ventures.
The company has a development land bank (owned or committed) of 11.28 million m² (as of 31 December 2021) and its strategic focus is the development of business parks.
VGP ranked sixth in PropertyEU's 2022 Top Logistics Developers ranking published in May, having delivered 1.47 million m2 of warehouse space between 2019 and 2021 across 72 projects.
