VGP NV announced the acquisition of a 19-hectare site in Velizy-Villacoublay, part of the 26-hectare site currently occupied by car manufacturer Stellantis. Following the announcement of its first major investment of 32 hectares in Petit-Couronne (Rouen), VGP is stepping up its development in France with its first investment in the strategic district of Greater Paris. Located in the municipality of Velizy-V Cadillacoublay, 8 km from the inner city of Paris, the site boasts an exceptional location, just 15 minutes from Paris Orly airport and in the immediate vicinity of Paris-Saclay, a leading science and technology centre.

At the junction of the outer ring road of Paris (A86) and N118 motorways and just a few minutes from the capital, the location is ideal for prospective customers and employees who can reach the site by various means of public transport. VGP is making its second acquisition on an iconic site at the heart of France's leading economic zone. The location and historical presence of Stellantis make this a particularly iconic project.

With 19.4 hectares of land at its disposal, the Group plans to develop a business park of around 80,000 m2 for industrial companies and small and medium-sized value-added businesses. Construction work is due to start in the second half of 2025, with the first buildings due for delivery in 2026. As with all the Group's projects, an ambitious environmental approach will be applied to this park and all buildings will achieve a BREEAM Excellent certification as a minimum.