VGP NV announced the acquisition of 21 hectares, currently used as a car park, located on part of the Stellantis site in Mulhouse, France. Two years after its arrival on the French market, VGP now has a secure 73-hectare portfolio of land on which to develop almost 350,000 m2 of industrial, logistics and business premises. At the end of 2024, VGP will complete the first delivery of 40,000 m2 on the Petit-Couronne site in Rouen.

In a dynamic region that is currently experiencing a shortage of industrial and logistics space, this new park will help to meet the growing needs of businesses. Located in the commune of Sausheim, near Mulhouse, 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).

With a 21-hectare site, the Group plans to rapidly develop a modern business park of around 100,000 m2 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. With this acquisition, VGP reaffirms the Group's commitment to meeting the needs of businesses and contributing to the sustainable growth of the regions in which it operates.