VGP continues its involvement in the Catalan market
the acquisition of 35,000 m²2 from developing country
- VGP continues to expand its portfolio in Spain by acquiring two properties in Catalonia
- The new acquisition amounts to 35,000 m²2 Land, consolidation of the logistics industrial project in the Catalan market
- The group, which operates in 13 European countries, now has a total of constructed area of over 75,000 m² in Catalonia
Barcelona, 7. September 2021. VGP, a pan-European developer, manager and owner of high quality logistics and semi-industrial properties, continues its expansion plan in the Catalan market with the acquisition of 35,000 m²2 Logistics areas in Martorell and Granollers.
This expansion is part of VGP’s growth strategy in Spain, where VGP already owns more than one million m²2 Land across the country divided into eight industrial parks (San Fernando de Henares, Fuenlabrada, Lliçà d’Amunt, Cheste, Zaragoza, Seville, Dos Hermanas and Sestao).
The focus on locations around the first crown of Barcelona has led the group to look for new locations in addition to the existing VGP Park Lliçà d’Amunt, mainly based on the search for prime land and the ability to tailor their buildings to specific needs of their customers.
The acquired property in Martorell covers an area of 20,000 m2 and is located in a very consolidated industrial area, next to the new logistics development of the municipality, in which several companies such as Fercam, Beter or Truck & Wheel are already based. Less than 30 km from Barcelona, it is very well connected to the port, the airport and the main A-2 and AP-7 ring roads. “Martorell is an absolute top location in an area with a lot of business activity, which is reinforced by the supplier network around the SEAT plant. In addition, it not only enjoys excellent connections to the rest of the Iberian Peninsula and France, but also an undeniable proximity to the major consumer centers in and around Barcelona“says Joan Lacosta, Country Manager of VGP Spain.
This area complements the recent acquisition of VGP in Granollers in the Coll de la Manya industrial park. It is a buildable, consolidated urban plot of land for industrial and logistical use of 15,000 m²2, and with a capacity for a logistics building of 9,000 m²2 the occupation and an additional office area that can be adapted to the needs of the operator. Equally well connected to Barcelona (30 km away), it is next to the C-17 motorway and 6 km from VGP Park Lliçà d’Amunt. “Granollers is a site that we know very well because
close to the VGP Park Lliçà d’Amunt. We look forward to being able to continue to contribute to the economic fabric of the region through development projects for industrial activities, as agreed in the Seveso Directive“says Joan Lacosta, Country Manager of VGP Spain.
VGP projects in Catalonia
VGP entered the Catalan market in 2016 when it acquired the property in Vallés Oriental for the development of the now consolidated VGP Park Lliçà d’Amunt, a benchmark logistics center in Spain that was built and marketed in less than 36 months. This location was chosen for its debut in Barcelona, with direct access to the C-17 connected to the AP-7 and a wide range of services, a location close to production centers, a skilled workforce, excellent infrastructure and transport connections. It has references from operators such as the global distribution center of Mango, Biokit, DistriCenter, Luis Simoes, Vivace, Noatum, Picking Farma, Moldstock, Buddy, Coats / Gotex and an industrial park with the presence of Leroy Merlin and Lidl.
VGP, which operates in 13 European countries, already has a total built area of more than 75,000 m² in Catalonia and is real proof of the company’s commitment and confidence in the development of new reference industrial logistics projects in the main industrial centers in the province of Barcelona.
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VGP is a pan-European developer, manager and owner of high quality logistics and semi-industrial real estate. VGP operates a fully integrated business model with skills and many years of expertise along the entire value chain. The company has a building land bank (owned or tied) of 8.56 million m² and the strategic focus is on the development of commercial areas. Founded in 1998 as a family-owned Belgian real estate developer in the Czech Republic, VGP has around 300 employees and now owns and operates assets in 11 European countries directly and through several 50:50 joint ventures. In June 2021, VGP’s 100% gross asset value including its joint ventures was € 4.48 billion and the company had a net asset value (EPRA NTA) of € 1.51 billion. VGP is listed on Euronext Brussels (ISIN: BE0003878957).
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VGP NV published this content on September 07, 2021 and is solely responsible for the information contained therein. Distributed by public, unedited and unchanged, on September 07, 2021 10:01:06 AM UTC.