RECORD AMOUNT OF NEW LEASE CONTRACTS SOLIDIFIES PATH OF CONTINUED FUTURE GROWTH

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.

"With KraussMaffei Berstorf, VGP has won a strong anchor tenant who will bring a large number of qualified workers and technical innovation to Laatzen," continues Mayor Köhne.

The site was sold by Hannover Region Grundstücksgesellschaft mbH & Co. KG (HRG), which developed the project together with the city of Laatzen over a period of around eight years. "We were particularly impressed by VGP's diverse utilization concept, which includes both production and logistics", says Mattias Böhle, Managing Director of HRG. 

With VGP Park Laatzen, the VGP Group, which today operates in twelve European countries, is further expanding its presence in Germany. Today, the company is already present in nine federal states with a portfolio of 23 industrial parks. Sustainability and energy efficiency are key parameters for the properties developed by VGP.

Darius Scheible, Managing Director of the Düsseldorf-based German subsidiary VGP Industriebau GmbH, is looking forward to working with the city of Laatzen: "The Hanover region is an important European transport hub. Together with the responsible parties of the city of Laatzen, we will further enhance the economic importance of the location Laatzen".

The industrial and commercial park is to be completed within the next 3-5 years. The first tenants are expected to move in in the second half of 2020.