VGP has started the construction of its project in Estonia – VGP Park Tallinn

The VGP Group has entered the Estonian market by the construction of an industrial park with the total area of more than 39,000 sq m. The park will be situated on a 91 300 sq m plot of land close to Tallinn. On this location, VGP is planning to develop two buildings suitable for light industrial and logistic purposes. The construction of the first hall of the size of approximately 26,000 sq m is well under way, and its completion is estimated by the end of the year 2008. VGP has entered into negotiations with a number of potential tenants and hopes to successfully conclude these negotiations in the near future.

VGP Park Tallinn is situated less than two kilometres far from the Estonian capital – Tallinn in Tänassilma, close to the main road of the Baltics – VIA Baltica (E67) and near the Tallinn city ring road.

The VGP Group also owns land in Kekava (Latvia). On this location, VGP is planning to realize a number of projects totalling some 40,000 sq m of built up area in the coming months.


Specification of VGP Park Tallinn:
   Size of warehousing area:
   Building A 25,920 sq m
   Building B 13,248 sq m
   Administrative area will be realized made-to-measure, according to the needs of the tenant.

  Press release_VGP has started the construction of its project in Estonia – VGP Park Tallinn

  Press release_VGP gestart met bouw van project in Estland - VGP Park Tallinn

  Press release_VGP a commencé la construction de son projet en Estonie – VGP Park Tallinn

For further information, please contact:

VGP
Dirk Stoop
CFO and IR

Telefon: +32 27 37 74 06
E-mail: dirk.stoop@vgpparks.eu