acquires two additional prime locations in the south
20 December 2021, 7h00, Antwerp, Belgium: VGP NV (“VGP” or the “Group”), a European provider of high quality logistics and semi-industrial real estate, announces that it has recently acquired two properties in southern Germany.
The first project is located in Wiesloch / Walldorf, where VGP is developing together with Heidelberger Druckmaschinen AG (“Heidelberg”) a modern industrial park called “HEI-TECH”. In this context, the Group acquired 80,000 m2 of Heidelberg land. A corresponding purchase contract has been signed by the two companies.
With some 130,000 m2 already acquired in 2020, VGP plans to develop an innovative and urbanistically sophisticated office and technology district in the Rhine-Neckar metropolitan region in close collaboration with Heidelberg. The first construction measures to redevelop the HEI-TECH industrial park project to VGP standards must take place from 2022.
The second project is a business park covering an area of approximately 20 hectares. It will become the second VGP park in Bavaria, after the ongoing development in Parsdorf, Munich. The site is ideally located in Nuremberg-Sud, with direct access to the A6 motorway. This district impresses with its favorable strategic location close to the city center, its already fully operational business parks and amenities nearby, and its excellent connection to public transport such as metro U1, S-Bahn Fischbach, bus transport and convenient access to transport infrastructure with the A73 and A9 Motorways. This park benefits from an anchoring lease with Siemens, one of the largest German technology companies.
For Jan Van Geet, Chairman and CEO of VGP, the purchase of these two properties is once again an important step in the company’s expansion: “With the acquisition of these assets in such unique locations, we continue to invest in economically strong southern Germany.“
He adds: “We believe in Heidelberg and Nuremberg, the future prospects for these two cities are extremely positive, and we very much appreciate the confidence that has been placed again in VGP.“
The Group is present in around fifteen European countries and continues to invest in strategic land positions. In Europe, the company based in Antwerp, Belgium, now operates 94 parks.
In addition to advanced technology, durability and energy efficiency are key parameters for the commercial properties developed by VGP.
The Group is committed to becoming carbon neutral by 2025 and to promoting sustainable construction practices, including the goal for all new projects in the Group’s German portfolio to obtain a DGNB1 Gold certification (higher than the Group’s minimum Silver certification requirement) and for its roofs to support green electricity production. All new developments from 2020 are certified and the VGP Renewable Energy division’s green power generation capacity has been increased to 62.8 MWp, with an additional 82.6 MWp in the pipeline.
The Group also engages in charitable actions with its own foundation. The VGP Foundation, established in 2019, has so far identified 29 projects, focusing on social projects, nature conservation and cultural heritage, which have received more than € 7 million in funding.
CONTACT INFORMATION FOR INVESTORS AND MEDIA SURVEYS
(VP – Business Development and Investor Relations)
|Phone: +32 (0) 3 289 1433|
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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 long-standing capabilities and expertise across the value chain. The company has a development land reserve (owned or committed) of 10.49 million m² and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family-owned real estate developer in the Czech Republic, VGP, with a workforce of around 350 employees, owns and operates assets in 12 European countries directly and through several 50/50 joint ventures. As of June 2021, VGP’s net asset value, including 100% joint ventures, was EUR 4.48 billion and the company had a net asset value (EPRA NTA) of 1.51 billion euros. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
For more information, please visit the VGP website:
VGP Group – VGP Group (vgpparks.eu)
1 Deutsche Gesellschaft für Nachhaltiges Bauen – the German Council for Sustainable Construction
20211220 VGP Press release German expansion – FR