Press Information

22. 05. 2019

Earthwork to begin shortly
Opening planned for early 2020

The VGP Group, a leading European provider of high-quality logistics and commercial real estate, is developing a new building in Giessen/Buseck.

In December 2018, the company acquired a land plot of approx. 36,500 sqm on Kasseler Strasse in Buseck. In March of this year, the first lease agreement was signed with logistics service provider Strauß LogPack. In addition to logistic companies, companies from the manufacturing sector are also to move into the building. It will offer space for more than one hundred partly highly qualified jobs in production, logistics and administration, etc. The building will be connected to public transport by bus lines 27 and 28.

With the building expected to open at the beginning of 2020, the VGP Group, which today operates in twelve European countries, will be able to continue its expansion course in Germany. There are currently 23 industrial parks in nine German states. Sustainability is important to the company; all properties built by VGP meet the requirements for energy-efficient and sustainable construction.

Darius Scheible, Managing Director of the Düsseldorf-based German subsidiary VGP Industriebau GmbH, believes in the location: "Together with the city administration, we want to help shape the economic development of the Buseck community through the new VGP building". Scheible is looking forward to the cooperation with the community. "Close planning based on partnership is indispensable in order to create trust and sustainable added value in the region".

Dirk Haas, Mayor of the municipality of Buseck, welcomes the property developer's project: "Buseck is an attractive industrial location with its central location near the Frankfurt transportation hub. We are delighted to have won VGP as a highly professional and highly reliable partner for the development of the new building. This will further strengthen the economic position of Buseck".

Construction work is scheduled to begin this summer and is expected to continue until the beginning of next year.

17. 05. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, has announced details for two logistics buildings it plans to develop in Cheste on 75,000 m2 of land. The land plots have been acquired in stages in the course of the last few months and are expected to host two state-of-the-art logistics platforms. A project that could create about 400 new jobs and requires a total investment of approximately €22 million.

VGP has presented a commitment to the City Council of Cheste to deliver in total more than 41,000 m2 of logistic platforms. The first building will have 15,000 m2 of total leasable area and 18 loading docks. On the other plot a platform with 26,000 m2 of total leasable area will be built. These buildings will be delivered to high technical standards and great modularity for potential customers and optimized for energy efficiency and sustainability.

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10. 05. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, today published a trading update for the first four months of 2019:

  • Strong operating performance
    • Record €18.1 million signed and renewed lease agreements, bringing total annualized rental income to €121.0 million (+16% year-to-date) and increasing the average lease term of the portfolio to 8.2 years (vs. 7.8 at Dec-18)
    • A total of 547,000 m2 under construction and 62,000 m2 delivered in 2019 year-to-date. The portfolio under construction represents €28.2 million in additional annual rent once fully built and let
  • Continued expansion of land bank to secure future growth
    • Extended pipeline through 940,000 m2 of new land bought and a further 2.6 million m2 committed subject to permits
    • Total land bank acquired and secured has grown to 5.8 million m2 which supports 2.6 million m2 of future lettable area
  • Successful fifth closing with VGP European Logistics joint venture allowed recycling of €130 million of net cash proceeds
  • Anticipate first closing for new Joint Venture with Allianz Real Estate in Q2 2019
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09. 05. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, is preparing to launch the construction of its first industrial logistic park in central Slovakia near the city of Zvolen. The park will feature three new industrial buildings covering an area of 53,000 m2 of the top standard A class premises for rent. VGP Park Zvolen will be situated on the north-western border of the city of Zvolen, thus expanding the industrial and retail zone with well-developed road infrastructure and access to public transport. The park can be accessed from route I/66, which connects to route R1 near the premises.

“Preparations and permitting processes are already in motion and, we expect the construction will begin by the end of 2019, so that the first building/hall is finished in the first half of 2020,” explains Tomáš Bednár, Country Manager of VGP - industriálne stavby, s.r.o.

“We see huge potential in this area. Zvolen is a strategic point for road and railway transport,” points out Tomáš Bednár. “We aim to be one of the first developers who brings the concept of modern industrial and logistic premises for rent to this location, as the majority of such buildings are situated in western Slovakia. Another advantage is available workforce, which is above average in this region compared to other regions in Slovakia,” adds Tomáš Bednár.

11. 04. 2019

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, announces the successful acquisition of 87,000 m2 of development land in Borchwerf (Roosendaal), the Netherlands. The new VGP Park will offer 50,000 m2 of class A premises suitable for logistics, production and commercial activities. Construction activities have started immediately.

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Petra Vanclová

VGP - industriální stavby s.r.o.

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

+420 226 212 001