VGP : welcomes APM Autoteile GmbH as new tenant at VGP Park Magdeburg-Sülzetal

VGP welcomes APM Autoteile GmbH as new tenant at VGP Park

Magdeburg-Sülzetal

• The company is moving into approx. 26,000 m² of commercial space for storage and distribution purposes
• APM is planning to move to the new location in January 2022

Magdeburg/Sülzetal, 22 December 2021 - VGP, a European provider of high-quality logistics and semi-industrial real estate, is pleased to welcome APM Autoteile GmbH as a new tenant at VGP Park Magdeburg-Sülzetal.

The park is located next to the A2 motorway, which connects the North of Germany with Western parts of the country as well as with neighboring European countries, and the A14 motorway. In addition, Magdeburg, the capital of Saxony-Anhalt, is only a few driving minutes away.

The site in Magdeburg-Sülzetal comprises a lettable area of almost 300,000 m2 and offers tailor-made solutions for large businesses as well as small units from 3,000 m2. APM Autoteile GmbH, a Hamburg-based supplier of car parts and spare materials, will rent a total area of 26,000 m2 for storage and distribution purposes. The tenant is scheduled to move in on January 17, 2022.

Darius Scheible, Managing Director of the Duesseldorf-based German subsidiary VGP Industriebau GmbH, says: "We are very pleased that the excellent location and transport links of our park in Magdeburg-Sülzetal have met the criteria that were central to APM's search for a suitable location."

Hongxing Xie, Managing Director of APM, said: "We have been looking for a larger warehouse since early 2021, as our company is currently growing very strongly. We are very happy with the premises at VGP Park Magdeburg-Sülzetal which offer sufficient space for our expansion plans."

VGP Park Magdeburg-Sülzetal is one of 35 VGP business parks in Germany. Overall, the Group operates in fifteen European countries and remains on track for success. In Europe, the company based in Antwerp, Belgium, now operates 94 parks.

In addition to state-of-the-art technology, sustainability and energy efficiency are key parameters for the commercial properties developed by VGP. The Group is committed to becoming carbon neutral by 2025 and driving sustainable building practices, including the aim for all new projects in the Group's German portfolio to obtain a DGNB Gold certification (above the Group's own minimum requirement of Silver certification) and for its roofs to support green electricity generation. All new developments from 2020 onwards are certified and the green power generation capacity of the VGP Renewable Energy division has been increased to 62.8 MWp, with a further 82.6 MWp in the pipeline. The Group is also involved in charity with its own foundation. VGP Foundation, established in 2019, has so far identified 29 projects, focussing on social projects, nature conservation and cultural heritage, that have received over €7 million in funding.

CONTACT DETAILS VGP

Darius Scheible	Tel: [phone]
Managing Director
VGP Industriebau Deutschland GmbH
CONTACT DETAILS FOR MEDIA ENQUIRIES
Anette Nachbar	Tel: [phone]
Director	[e-mail]
Brunswick Group

ABOUT VGP

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 capabilities and longstanding expertise across the value chain. The company has a development land bank (owned or committed) of 10.49 million m² and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family-owned real estate developer in the Czech Republic, VGP with a staff of circa 350 employees owns and operates assets in 12 European countries directly and through several 50:50 joint ventures. As of June 2021, the Gross Asset Value of VGP, including the joint ventures at 100%, amounted to € 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).

For further information, please visit the VGP website: http://www.vgpparks.eu

ABOUT APM

APM Autoteile GmbH is one of the fastest growing European suppliers in the automotive aftermarket and specialises in the online distribution of automotive spare parts, wear parts and accessories. The product range currently includes over 100,000 automotive spare and wear parts. As an online mail order company, APM Autoteile GmbH offers an excellent price- performance ratio, branded products, fast shipping and free delivery within Germany.