VGP NV ("VGP", or “the Group”), a European provider of high-quality logistics and semi-industrial real estate, is pleased to announce the establishment of a new 50:50 Joint Venture named “Saga” with Areim, an independent fund manager and property owner headquartered in Stockholm.
VGP, a European supplier of high-quality logistics and semi-industrial real estate, announces a new step in its development, namely the full lease of the first building in VGP Park Arad. The most recent client, who rented an area of 10,000 m2 and whose space was handed over recently, is FAN Courier.
Industrial and logistics projects accounting for more than half a million sq. m are currently under construction and due to be delivered by the end of 2024, 60% of which being already pre-leased.
Cushman & Wakefield Echinox coordinated the BREEAM Excellent certification process for the 550,000 sq m logistics park portfolio in Romania and Hungary, owned by eMAG, one of the largest online retailers in Eastern Europe. The certification recognizes the sustainability performance of buildings by implementing energy efficiency and environmental impact reduction measures.
The real estate and construction sector attracted approximately €1.2 billion of foreign direct investments (FDI) in 2022, as the share of this economic activity in the overall FDI stock stood at 17.2% at the end of 2022, according to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox real estate consultancy company.
The land market in Bucharest has remained active over the past 12 months, in terms of acquisitions made by residential, logistics and retail real estate developers by particularly targeting the former industrial platforms within the city, which provide easy access, according to data from the Cushman & Wakefield Echinox real estate consultancy company.
VGP, a European provider of high-quality logistics and semi-industrial real estate, has leased 7,000 m2 for storage space and 1,500 m2 for cross-dock, in VGP Park Brașov, to DB Schenker, leading global logistics and transportation provider.
VGP NV, a European owner, manager and developer of high-quality logistics and semi-industrial real estate, published its annual report including its Corporate Responsibility report. The report focuses on the steady achievements and goals with regards to VGP’s ESG performance.
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