VGP Expands in Giessen, Germany, and Acquires Ownership "am Alten Flughafen"
13 Maggio 2020 - 3:00PM
VGP Expands in Giessen, Germany, and Acquires Ownership "am Alten
Flughafen"
PRESS RELEASE
- Fourth project of the company in the region
Mittelhessen
- First building applications to be submitted in
2020
Antwerp, Belgium 13 May 2020, 03:00 PM
CET – VGP, a leading European provider of high-quality
logistics and commercial real estate, is planning the construction
of a further business park in Giessen, in the federal state of
Hessen, Germany.
For this purpose, VGP has acquired the 320,000
m² plot of land on the former US depot site, now the "Am Alten
Flughafen" industrial estate.
VGP plans to develop the site according to the
existing development plan and to submit the first building
applications in 2020. From spring 2021, the buildings are to be
erected, which will contain a lettable area of 150,000 m².
Darius Scheible, Managing Director of VGP
Industriebau GmbH, underlines the importance of the project for the
company and the good cooperation with the city: “VGP has been very
kindly received in Giessen by the responsible persons in the
municipality and will do everything in its power to be a good
neighbour. By building additional halls in the region and
concluding long-term rental agreements, we want to make a
sustainable contribution to the creation of new jobs. “
VGP is already represented in the region
Mittelhessen in Wetzlar, Lützellinden and Buseck and expects the
site “Am Alten Flughafen” in Giessen to employ around 1,000 people
in its final stage of development.
The VGP Group, which currently operates in
twelve European countries, intends to push ahead with its expansion
course. There are currently 29 industrial parks in nine federal
states in Germany and more than 60 parks in 11 countries in
Europe.
Sustainability is important to the company; all
properties built by VGP meet the requirements for energy-efficient
and sustainable construction. It is planned to equip the roofs of
the halls to be built in Giessen with photovoltaic systems.
In March 2020, VGP presented its first Corporate
Responsibility Report, which illustrates the company's progress and
efforts to integrate and strengthen sustainability measures in its
daily operations.
The report describes how VGP addresses
sustainability issues, outlines the policies and guidelines that
the company follows and explains the extended sustainability goals
that VGP has set itself for 2020. The report was prepared in
accordance with the GRI Sustainability Reporting Standards.
The company has already launched and implemented
numerous initiatives in 2019. These include the introduction of VGP
Renewable Energy, a new separate business unit wholly owned by VGP
N.V., to use the available roof space on VGP parks for photovoltaic
systems and modern energy technologies. The company also aims to
have all new buildings certified with the qualification “Very Good”
of the Building Research Establishment Environmental Assessment
Method (BREEAM) from next year. The VGP Foundation was also
established in 2019.
CONTACT DETAILS FOR BUSINESS PARTNER,
INVESTORS AND JOURNALISTS
Martijn Vlutters (VP – Business Development & Investor
Relations) |
Tel: +32 (0)3 289 1433 |
Petra Vanclova (External Communications) |
Tel: +42 0 602 262 107 |
Darius ScheibleManaging Director Germany - VGP Industriebau
GmbH |
Tel: +49 173 268 8263 |
Anette NachbarDirector, Brunswick Group |
Tel: +49 152 288 10363 |
ABOUT VGP
VGP is a leading European developer, manager and owner of
high-quality logistics and semi- industrial real estate. VGP
operates a fully integrated business model with capabilities and
longstanding expertise across the value chain. The company has a
development land bank (owned or committed) of 6.67 million
m2 and the strategic focus is on the development of business
parks. Founded in 1998 as a family-owned real estate developer in
the Czech Republic, VGP with a staff of circa 220 employees today
owns and operates assets in 12 European countries directly and
through VGP European Logistics and VGP European Logistics 2, both
joint ventures with Allianz Real Estate. As of December 2019, the
Gross Asset Value of VGP, including the joint ventures at 100%,
amounted to €2.77 billion and the company had a Net Asset Value
(EPRA NAV) of €741 million. VGP is listed on Euronext Brussels and
on the Prague Stock Exchange (ISIN: BE0003878957)
For more information, please
visit: http://www.vgpparks.eu
- 20200513 VGP Park Giessen_EN
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