Regulated Information
20 December 2021, 7:00am, Antwerp, Belgium: VGP NV (‘VGP’ or the ‘Group’), a European provider of high-quality logistics and semi-industrial real estate, announces that it has recently acquired two properties in Southern Germany.
The first project is located in Wiesloch/Walldorf, where VGP is developing together with Heidelberger Druckmaschinen AG (‘Heidelberg’) a modern, so-called “HEI-TECH” industrial park. In this context, the Group has acquired a further 80,000 m2 of land from Heidelberg. A corresponding purchase agreement was signed by both companies.
Together with the approximately 130,000 m2 already acquired in 2020, VGP anticipates developing an innovative, urbanistically sophisticated office and technology quarter in the Rhine-Neckar metropolitan region in close cooperation with Heidelberg. The first construction measures to redevelop the project in the HEI-TECH industrial park to VGP standards are to take place as early as 2022.
The second project is a business park on an area of around 20 hectares. It will become the second VGP Park in Bavaria, following the ongoing development in Parsdorf, Munich. The site is conveniently located in Nuremberg-South, with direct access to Autobahn A6. This area impresses with its strategic favourable location close to the city centre, already fully operational business parks and amenities nearby, and its excellent connection to public transport such as Underground U1, S-Bahn Fischbach, bus transport and convenient access to transport infrastructure with the Autobahn A73 and A9. This park benefits from anchor tenancy with Siemens, one of the largest German technology companies.
For Jan Van Geet, Chief Executive Officer of VGP, the purchase of these two properties is again an important milestone in the company’s expansion: “With the acquisition of these assets at such unique locations, we continue to invest in the economically strong South of Germany.”
He adds: “We believe in Heidelberg and Nuremberg, the future outlook for these two cities is extremely positive, and we much appreciate the trust that has been again placed in VGP.”