VGP ANNOUNCES PLANS FOR CONSTRUCTING TWO LOGISTICS BUILDINGS IN VALENCIA, SPAIN

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.

The project is located in the prime logistics area of Valencia: Business Area of the A-3 highway (Ribarroja, Cheste and Loriguilla) with direct access to both the airport and the Port of Valencia and a few minutes from the junction with the A-7 (Alicante-Barcelona).

VGP has been advised on this project by Triangle Real Estate Management.

This strong and decisive commitment to the Valencian market and to the new Logistics Park of Cheste, is added to those that VGP has recently carried out in other locations of the Spanish logistic market, such as VGP Park San Fernando de Henares, VGP Park Mango in Barcelona, VGP Park Fuenlabrada and recently VGP Park Zaragoza, with a total of 320,000 m2 built.

At the moment, VGP has a total of 55 multi-tenant and high-quality standardised logistics parks in 12 European countries. The Group manages a portfolio with a total value as of year-end 2018 of €1.94 billion.

 


Press

Petra Vanclová

VGP - industriální stavby s.r.o.


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