Antwerp-headquartered logistics specialist VGP has acquired a 21 hectare plot, currently used as a car park, located on part of the Stellantis site in Mulhouse, France.
Located in the commune of Sausheim, near Mulhouse, the site benefits from a good location and accessibility, at the junction of the A36 and A35 motorways, with direct access to the future park.
The group plans to develop a modern business park of around 100,000 m2 for industrial and logistics companies, with construction work due to start in the first quarter of 2025, and the first buildings to be delivered by the end of 2025.
As with all the group's projects, this scheme will target at least BREEAM Excellent certification.
The deal brings VGP's holdings in France to 73 hectares of land, two years after entering the country. At the end of 2024, VGP will complete its first delivery of 40,000 m2 of space on the Petit-Couronne site in Rouen.
Aurélien Coudert, country manager of VGP France said: 'With this new strategic acquisition, VGP confirms its strong ambitions in the French market. Thanks to our hybrid model of developer, investor and manager, we are positioning ourselves as a long-term partner in this region, with a presence from the design phase through to the operation of the buildings.
'We would like to thank Mulhouse Alsace Agglomération (m2A) and Stellantis for their confidence and their role in facilitating this project, and look forward to developing this new business park in line with the needs and requirements of our future customers and the local authorities.'
