VGP acquires a 21-ha asset, currently used as a car park, located on part of the Stellantis site in Mulhouse, France.
The site benefits from an exceptional location and accessibility, at the junction of the A36 and A35 motorways, with direct access to the future park. The future VGP park is located in a cross-border zone with close border proximity to Germany (50 km from Freiburg) and Switzerland (15 minutes from Basel).
The Group plans to rapidly develop a modern business park of around 100,000m² for industrial and logistics companies. Construction work is due to start in the first quarter of 2025, with the first buildings to be delivered by the end of 2025.
As with all the Group's projects, this programme will be subject to an ambitious environmental policy. All future buildings will aim for at least BREEAM Excellent certification.
Aurelien Coudert, Country Manager of VGP France: "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."
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Image provided by VGP.
