VGP announces major investment projects in Spain following latest land acquisition in Zaragoza

VGP NV (‘VGP’ or ‘the Group’), a leading European provider of high-quality logistics and semi-industrial real estate, recently acquired a further 40,000 m² of development land in Zaragoza, Spain bringing our total land bank in Zaragoza to 120,000 m². This follows the acquisition last year of 80,000 m² at Fuenlabrada close to Madrid and a recent acquisition in Valencia bringing our available land to 60,000 m² close to that city.

• Zaragoza is Spain’s fifth largest city with over 650,000 inhabitants and is strategically situated between Madrid, Barcelona, Bilbao and Valencia.
• The land has been acquired at Plaza, 10 kilometers south-east of the city centre at an intermodal transport hub with easy access to road (main motorways AP-2, AP-68 and A-23), train and airfreight
  
  

Jan Van Geet, CEO of VGP said: “We are very excited about our opportunities in the Spanish market as we see business investments driving a lot of interest for all our parks across the country. Plaza at Zaragoza benefits from excellent motorway access to Spain’s largest cities in order to efficiently serve the Spanish domestic market as well as excellent access to national and international rail- and airfreight. The construction activities are expected to start in the second half of this year and we have already received several enquiries of interest from reputable prospective tenants in the e-commerce, logistics and light-industrial sectors.”