European logistics specialist VGP has announced its largest brownfield acquisition to date with the purchase of three plots of land in Rüsselsheim am Main near Frankfurt Airport. Financial details were not disclosed.
With a total area exceeding 700,000 m², these plots were procured from Stellantis, an automotive group and mobility provider which is in the process of optimising its historic Opel production site in Rüsselsheim, a site with over a century of history. Initially, Stellantis will lease back the properties, gradually releasing them for redevelopment.
VGP plans to create a business park on the site spanning 350,000 m2 tailored for industrial companies and small and medium-sized value-added businesses. VGP is targeting a minimum DGNB Gold certification for all buildings. The new park will be largely independent from the grid as it will benefit from existing electricity facilities and water treatment and recycling services. Rooftops are expected to be equipped with photovoltaic panels and a geothermal system is projected to contribute to the facility’s energy and heating needs by 2025.
This marks VGP’s second significant brownfield acquisition this month, following the purchase of a 194,000 m2 land plot in Vélizy, Paris region, France.
