VGP announces further expansion of business activities in Austria

Vienna, Austria, 09 November 2021 – VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality industrial and semi-industrial real estate, announces the further expansion of its business activities in Austria.

The company, which has been present in Austria since 2019 and already operates the VGP Park in Graz, has acquired a property in Laxenburg.

VGP plans to develop a modern VGP Park with rental space for commercial, production and logistics companies on the property - subject to all approvals yet to be granted. The project can include customised solutions for large companies as well as small units starting at 1,000 m², and offer attractive and qualified jobs. Sustainability, certified by the "Österreichische Gesellschaft für Nachhaltige Immobilienwirtschaft (ÖGNI)", greening, and photovoltaics will be included in the plans for the new park from the very beginning.

The project is conveniently located next to the industrial area of Lower Austria South.

The VGP Group operates in thirteen European countries and continues to be on a successful growth path. In Europe, the family-owned company based in Antwerp, Belgium, now operates 94 parks in twelve countries.

In addition to state-of-the-art technology, sustainability and energy efficiency are key parameters for the commercial properties developed by VGP. The company is committed to becoming carbon neutral by 2025 and, as part of this, is involved in BREEAM (Building Research Establishment Environmental Assessment Method) certification and green electricity generation. As a result, all new developments from 2020 onwards are already certified and the green power generation capacity of the VGP Renewable Energy division has been increased to 62 MWp, with a further 71 MWp in the pipeline. The VGP Foundation, established in 2019, has so far identified 23 projects that have received over €7 million in funding.