Belgian logistics specialist VGP has acquired two properties in Southern Germany for an undisclosed sum.
The first project is located in Wiesloch/Walldorf, where VGP is developing a modern industrial park together with Heidelberger Druckmaschinen. The group has acquired a further 80,000 m2 of land from Heidelberg.
Together with the approximately 130,000 m2 already acquired in 2020, VGP anticipates developing an innovative office and technology quarter in the Rhine-Neckar metropolitan region in close cooperation with Heidelberg.
The second project is a business park on an area of around 20 hectares which will become the second VGP Park in Bavaria, following the ongoing development in Parsdorf, Munich. The park benefits from an anchor tenancy with Siemens, one of the largest German technology companies.
Jan Van Geet, VGP CEO said: 'With the acquisition of these assets at such unique locations, we continue to invest in the economically strong South of Germany.
'We believe in Heidelberg and Nuremberg, the future outlook for these two cities is extremely positive, and we much appreciate the trust that has been again placed in VGP.'
The group operates in fifteen European countries and continues to invest in strategic land positions. In Europe, the company based in Antwerp, Belgium, now operates 94 parks.
The group has also committed to becoming carbon neutral by 2025 and for all new projects in the group’s German portfolio to obtain a DGNB1 Gold certification (above the group’s own minimum requirement of Silver certification) and for its roofs to support green electricity generation.
