VGP, a European provider of logistics and commercial real estate, has unveiled plans to build two industrial parks in Halle (Saale) and Erfurt.
Financial details were not disclosed.
In Halle, the group has acquired a plot of land of approximately 30,000 m2 in Reideburger Strasse.
The property is located around 2 km from the city's main railway and freight station and just under 4 km southeast of the B100, thereby establishing a direct connection to the motorways A14 and A9. VGP already operates a business park in Halle in the Star Park Halle industrial estate.
The site in Erfurt covers around 50,000 m2 and is conveniently located in Stotternheim.
The district is located only 8 km from Erfurt city centre and 1 km from Stotternheim’s railway station and offers a direct connection to the A71 motorway. This land acquisition forms the basis for the company's second business park in Thuringia.
VGP plans to develop the acquired commercial sites in accordance with the existing development plan. Construction works are scheduled to begin in the middle of this year.
