Core Insights - VGP has acquired the former factory site of Kabel Premium Pulp & Paper GmbH in Hagen, covering approximately 280,000 square meters, as part of insolvency proceedings initiated in June 2025 [1][2][4] - The site, located near Dortmund, will be transformed into a modern business and industrial park, focusing on production, light industrial, and logistics sectors, with an aim for at least DGNB Gold certification for sustainability [2][4][7] Company Overview - VGP is a pan-European developer and manager of high-quality logistics and semi-industrial properties, founded in 1998, with a gross asset value of €8.3 billion and a net asset value of €2.6 billion as of June 2025 [5] - The company operates in 18 European countries and employs around 412 full-time staff, utilizing a fully integrated business model [5] Development Plans - VGP plans to work closely with the City of Hagen and local economic development agencies to ensure a comprehensive dismantling of existing structures before construction begins [3] - The redevelopment will focus on sustainable practices, including reducing CO₂ emissions during the construction phase [2][4]

Core Points - AB KN Energies and UAB Elmitra signed a contract for a 500 kW solar power plant installation at the Klaipėda liquid energy products terminal [1] - The project includes all installation stages from design to grid connection, with photovoltaic modules to be installed on rooftops and throughout the terminal [1] - The plant is expected to generate nearly half a gigawatt-hour of electricity annually, avoiding over 74 tons of CO₂ emissions [2] - The avoided emissions are equivalent to driving approximately 418,000 kilometers in a car or burning 29,000 liters of diesel [2] - KN Energies will invest nearly 350 thousand euros in the project, with part of the funding coming from the EU's "NextGenerationEU" instrument under the "New Generation Lithuania" plan [3]