Press Information

18. 07. 2019

 LARGEST RELOCATION PROJECT IN GREATER MUNICH SINCE RELOCATION OF AIRPORT IN 1992

VGP, a leading European provider of high-quality logistics and commercial real estate, is developing a new business park in Parsdorf near Munich.

VGP Park Munich is located on a 40 ha site and will offer 250,000 m² of rentable space for logistics and manufacturing companies.

Very near to the city centre and only 30 minutes by car from Munich Airport, the park is located north of the Parsdorf junction on the A 94 motorway in a region of economic importance for agriculture, industry and trade.

Georg Reitsberger, First Mayor of the municipality of Vaterstetten, is looking forward to the project: "For us, VGP is a reliable and professional partner with whom we can further strengthen our region together."

The new park will offer tailor-made solutions for its tenants BMW and KraussMaffei Group offering a wide range of jobs in production, logistics and administration. Krauss Maffei Group will accommodate the complete production of all divisions and head office to Parsdorf. In addition to the 1,800 existing jobs, it will also create many new ones. The relocation of these two companies to Parsdorf will be the largest relocation project in the greater Munich area since the relocation of the airport from Riem to Erding in 1992.

The long-term leases with the two renowned companies have already been concluded with the project developer and builder-owner, VGP Park München GmbH. The construction phases of this project have a timeframe of several years and involve an investment of more than EUR 500 million.

"The Parsdorf site offers KraussMaffei Group the opportunity of the century. We are now seizing this opportunity to remain competitive in the long term and a leader in global markets. We are creating more space to accelerate our growth, secure existing jobs and build new ones", says Dr. Uta Bartsch, Vice President Business Excellence & Facility Services of KraussMaffei Group.

"We are very pleased to have found a new location in Parsdorf for the Supply Centre for our BMW Research and Innovation Center. The optimal location close to Munich enables us to react quickly and flexibly to the requirements of development and production. Our current location on the Heidemannstraße at the Euroindustriepark can thus be used for the construction of urgently needed living space in Munich," says Gerhard Vitzthum, Head of Production Planning and Logistics at BMW. The supply centre for the BMW Research and Innovation Centre is a crucial component for the development of important future technologies for reducing emissions and for tomorrow's mobility."

VGP had already acquired land in Parsdorf in 2013. The land, which is now soon ready for construction, was acquired from the Free State of Bavaria by way of an exchange contract, in which approx. 67 ha of land were acquired by the developer and approx. 52 ha were exchanged. The Budget Committee of the Bavarian Parliament approved this contract in its meeting of 17.07.2019.

Support for the new business park also comes from the Chamber of Industry and Commerce for Munich and Upper Bavaria. "This is a project that has a great impact on the entire Munich area. The choice of Parsdorf shows how strategically important a well-developed transport infrastructure is for an entire region," explains Otto Heinz, Vice-President of the Chamber of Industry and Commerce and speaker of the Munich Region Chamber of Industry and Commerce Forum. "The clear commitment of both companies to the Greater Munich Area is an important signal for the future of Munich and Upper Bavaria as an industrial and research location. The jobs remain here in the region. It is just as important that the areas that become vacant in Munich are now also developed in a meaningful way.” Heinz is convinced: "The decision in favour of the industrial estate is a good example of the fact that the competition between municipalities and counties does not have to be a zero-sum game."

With VGP Park Munich, the VGP Group, which operates in twelve European countries, is further expanding its presence in Germany. The company is currently already active in nine federal German states with a total of 24 industrial parks. Sustainability and energy efficiency are key parameters for the properties developed by VGP. Green roofs are planned for the project in Munich, and 12.5 megawatt peak will be generated by photovoltaic installations. This will create Europe’s largest photovoltaic system installed on a building to date.

Jan Van Geet, CEO of VGP, underlines the importance of the location for his company: "The new Munich business park represents another milestone in the history of our company. Munich is an important European centre for technological development where many companies have their Research and Development departments. This is fully reflected in our rental agreements with which we contribute to the creation of many new forward oriented and valuable jobs. Together with those responsible in the community of Vaterstetten, we will continue to promote the economic significance of the location."

The industrial park is to be completed by 2026. KraussMaffei Group plans to start moving from mid 2022, BMW will move from August 2020.

 


01. 07. 2019

 logo VGP Allianz 2
On 1 July 2019 VGP and Allianz announced they have expanded their strategic partnership with a new 50:50 joint venture. VGP European Logistics 2 is an investment vehicle targeting core logistics assets in Austria, Italy, the Netherlands, Portugal, Romania and Spain.

Allianz Real Estate and VGP are targeting to grow the joint venture to a gross asset value of EUR1.7 billion within five years by exclusively acquiring prime assets developed by VGP. This latest JV follows the first vehicle - VGP European Logistics - which launched in March 2016 and targets assets in Germany, the Czech Republic, Slovakia and Hungary.

Similarly to the first partnership, VGP will service the new joint venture as its asset, property and development manager. All assets are new or recently built and will be fully leased to blue chip tenants following strict investment criteria. Allianz is committing EUR350 million in equity into the new joint venture at launch.  The venture is being managed for Allianz by Allianz Real Estate on behalf of Allianz group companies.

Jan Van Geet, CEO of VGP:  “We are delighted to further expand our partnership with Allianz Real Estate. Our group has grown significantly since the inception of the first joint venture in 2016 and the increased investment capacity as well as enlarged footprint of the combined two joint ventures fits really well with our expanded pan-European profile.  Through the combination of the two, we can continue to recycle our invested capital and re-invest the disposal proceeds in the development and expansion of our portfolio.”

Olivier Téran, CIO of Allianz Real Estate: “Logistics remains a highly attractive sector, in established markets such as the Netherlands, Spain and Italy but also fast-growth ones such as Romania, and Allianz is focused on selectively building its exposure globally by working with prime partners such as VGP.  We are delighted to be once again working with VGP, an established leader in the European logistics sector and a firm with a proven track record of success and deep understanding of the dynamics shaping the market.”


01. 07. 2019

VGP NV (“VGP”), the Antwerp-based pan-European developer, manager and owner of logistics and semi-industrial real estate assets and Allianz have expanded their strategic partnership with a new 50:50 joint venture. VGP European Logistics 2 is an investment vehicle targeting core logistics assets in Austria, Italy, the Netherlands, Portugal, Romania and Spain.

Allianz Real Estate and VGP are targeting to grow the joint venture to a gross asset value of EUR1.7 billion within five years by exclusively acquiring prime assets developed by VGP. This latest JV follows the first vehicle - VGP European Logistics - which launched in March 2016 and targets assets in Germany, the Czech Republic, Slovakia and Hungary. It currently has a gross asset value of c. EUR1.4 billion in ownership or under construction.

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24. 06. 2019

The VGP Group, a leading European provider of high-quality logistics and commercial real estate, is developing a new business park in Laatzen near Hanover, Germany.

VGP Park Laatzen is located on a site of around 28 hectares and will offer 112,000 m² of leasing space for commercial, production and logistics companies. Only 20 minutes by car from the city centre of Hanover, the park is located in an economically important region for agriculture, industry and trade.

Jürgen Köhne, Mayor of the City of Laatzen, is looking forward to the project: "With VGP we have a reliable and professional partner by our side with whom we can further strengthen Laatzen as a business location".

In addition to tailor-made solutions for large companies, the new park will also offer small units from 2,500m² for rent, thus offering a wide range of jobs in production, logistics and administration.

In May of this year, the first contract was signed with KraussMaffei Berstorff, a Hanover-based mechanical engineering company. "We are delighted to have paved the way for further growth with this new facility and to be able to continue to rely on innovation and quality - made in Germany," says Matthias Sieverding, President of the Extrusion Technology Segment of the KraussMaffei Group."We have deliberately chosen the Hanover area as our location in order to be able to shape the future together with our experienced employees," Sieverding adds. KraussMaffei Berstorff is planning for the future with the building of a new plant for extrusion technology. By the end of 2022, work on the production hall and office complex should be completed. The facility, equipped with state-of-the-art technical, production and office facilities, is designed for up to 750 employees and thus offers sufficient space for future growth.

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29. 05. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, will again be present at the transport logistic trade fair, which will take place in Munich from 4 to 7 June 2019.

Transport logistic is the world's leading trade fair for logistics, mobility, IT and supply chain management. On the leading platform the global industry meets every two years in Munich.

VGP's management will be available at booth B5.331 during all days of the fair to showcase its fully integrated business model, comprehensive capabilities and expertise to customers, partners, investors and prospects.

Darius Scheible, Managing Director of the German subsidiary VGP Industriebau GmbH based in Düsseldorf, is looking forward to the trade fair: "The internationality of the visitors impresses us at this event. It provides a great platform to reach exactly our target group”.

The VGP Group, which today operates in twelve European countries, intends to continue its expansion course in Germany and Europe. There are currently 23 industrial parks in nine German states. The company is committed to sustainability, and all properties built by VGP meet the requirements for energy-efficient and sustainable construction.


Contact details for business partners & prospective Tenants
Darius Scheible
(Managing Director Germany)
Tel: +49 173 268 8263 

Contact Details for Media Enquiries
Anette Nachbar
Brunswick Group
Tel: +49 152 288 10363


Press

Petra Vanclová

VGP - industriální stavby s.r.o.


Červený dvůr
Jenišovice 59 CZ-468 33, Jenišovice u Jablonce nad Nisou
Czech Republic

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