Company: GLPG
Filing Date: 2025-03-27
Form Type: 20-F
Source: 0001558370-25-003806
Chunk: 171

Company: GALAPAGOS NV
Filing Date: 2025-03-27
Form: 20-F
Item: Item 4
Chunk 171
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 principal executive, operational offices and laboratory space located in Mechelen, Belgium. Our main facilities owned or leased as of December 31, 2024 are set forth in the following table:

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Facility location                         Use                                     Approx. size (m2)       Lease expiry      
Mechelen, Belgium (leased)                Headquarters, R&amp;D, Operations                  12,964   ​   December 31, 2025 
Oegstgeest, the Netherlands (owned)   ​   R&amp;D, Operations                 ​               6,943   ​   ​                 
Pittsburgh, United States (leased)    ​   R&amp;D, Operations                 ​               1,050   ​   September 30, 2028
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In addition to the facilities listed in the table above, we also lease office space in Basel (Switzerland) and in Princeton (United States). 
Since February 1, 2025, we have terminated our lease in Romainville (France), which included office and R&D space. In December 2024, we signed a share purchase agreement regarding the shares of Galapagos Real Estate Belgium BV. The only tangible asset owned by Galapagos Real Estate Belgium BV is the plot of land located in Mechelen, Belgium, which we acquired in 2019 and on which we planned to build a new headquarters. We expect closing of the transaction to occur by March 31, 2025. We are currently evaluating various scenarios for our headquarters’ offices to meet our future needs. We also are exploring the possibility to extend the lease of Pittsburgh. 

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Environmental issues
For more information on environmental issues that may affect our utilization of our facilities, please see the section of this annual report titled “Item 3.D.—Risk factors—Risks related to our organization, structure and operation—.” We could be subject to (a) liabilities under environmental, health and safety laws or regulations, and (b) if we fail to comply with such laws and regulations, fines, penalties or other sanctions, or otherwise incur costs, that could have a material adverse effect on the success or operational results of our business.