VGP continues its growth path in Italy and announces two new acquisitions in the northern area of Milan

VGP’s investment strategy in Italy continues with the acquisition of two brownfields and the start of works for the business parks in Paderno Dugnano and Legnano in the Milan area.

Segrate, Milan – 15 February, 2022 – VGP, a European company in the Real Estate sector that builds and supplies high-quality logistics and semi-industrial parks, announces two important acquisitions in the area north of Milan, VGP Park Milano Paderno Dugnano and VGP Park Legnano.

With more than 450.000 m² of owned areas and after having closed 2021 with the full occupancy of its current properties, VGP Italy expands further and brings to 6 the number of its business parks, 4 of which in Lombardia, after VGP Park Calcio (BG) and VGP Park Sordio (LO).

The new VGP Park Legnano, in the province of Milan, will extend over an area of about 50,000 m², with a maximum leasable area of 24,500 m² for warehouses, offices, and parking areas.

VGP Park Paderno Dugnano, will be developed on an area of about 95,000 m² and will include a maximum leasable area of 44,000 m² also here for warehousing, annexed offices and parking areas.

“With these two new investments we further consolidate our presence in Northern Italy and Lombardia” – said Agostino Emanuele, Country Manager VGP Italy – “We are proud to inaugurate 2022 expanding our offer with prime locations, a team of professionals, and high standards of energy efficiency and sustainability. We are constantly working without neglecting the profound changes that are involving the market, such as the last mile logistics that continues to record a positive trend, boosted by growing elements such as e-commerce and technological innovation, as well as the establishment of manufacturing companies in strategically positioned areas. With VGP, we are continuing this investment strategy by offering high-quality, strategically located, tailor-made logistics and semi-industrial parks to meet the needs of our customers and potential tenants”.