21 December 2021, Antwerp, Belgium: VGP NV (‘VGP’ or the ‘Company’), a European provider of high-quality logistics and semi-industrial real estate, announced today the recent acquisition of a property in the metropolitan region Nuremberg, the second-largest city in Bavaria, Germany.
The business park with an area of around 20 hectares will be the second VGP Park in Bavaria following the ongoing development in Parsdorf, Munich.
The site is conveniently located in the south of Nuremberg, with direct access to A6 highway. 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 U1 underground, S-Bahn Fischbach, bus transport and convenient access to transport infrastructure with the highways A73 and A9.
The park benefits from anchor tenancy with one of the largest German technology companies. For Jan Van Geet, the CEO of VGP, the purchase of the property is again an important milestone in the company’s expansion: “With the acquisition of this site at such unique location, we continue to invest in income generating asset classes which can be redeveloped in the longer term in a very strong region.” He adds: “We strongly believe in Nuremberg, the future outlook for the city is extremely positive, and we much appreciate the trust that has been placed in VGP.”
Darius Scheible, one of the two German managing directors of VGP, commented on the group’s commitment: “We are pleased that we can operate our first park in Northern Bavaria and thus contribute to the economic development in the region.”
The VGP Group operates in fifteen European countries and continues to invest in strategic land positions. In Europe, the company now operates a total of 94 parks.