Heidelberg and VGP to develop industrial park in Germany

Heidelberg, together with European provider of high-quality industrial and commercial real estate VGP, is developing a modern HEI-TECH industrial park at its Wiesloch/Walldorf site.

In this connection, the VGP Group has acquired a further 80,000 square meters of space from Heidelberg. A corresponding purchase agreement was signed by both companies, with Heidelberg to achieve a purchase price in the mid double-digit million-euro range. The transaction is scheduled to be completed in financial year 2022/23.

Together with the approximately 130,000 sqm already acquired a year ago, VGP plans to establish an innovative, sophisticated office and technology quarter in the Rhine-Neckar metropolitan region in close cooperation with Heidelberg.

The VGP Group operates in thirteen European countries. In Europe, the family-owned company based in Antwerp, Belgium, now operates 94 parks in twelve countries.

The total areas of Heidelberg and VGP will be combined to form the integrated HEI-TECH industrial park with the aim of developing an innovative production, office, and technology quarter.

The first construction measures in the HEI-TECH industrial park are scheduled to take place early this year.

Heidelberg CEO Rainer Hundsdörfer said the production and research companies that will be located in this site in future will be able to benefit from each other’s expertise and achieve sustainable synergies in various areas.

“We are delighted to be able to take the next step in the development of our HEI-TECH industrial park in Wiesloch/Walldorf with VGP,” Hundsdörfer said.

“For us, it is crucial that new, forward-looking developments are now being created quickly and visibly in our industrial park with modern commercial and industrial uses – with qualified, good jobs for people in the region and synergies with Heidelberg’s capabilities. The industrial park is another component of our successful transformation into a technology company. In addition, more efficient use of space at Heidelberg will save us considerable costs in the future.”

For Heidelberg, the project is also a further milestone in the planned site and structural optimisations in Wiesloch/Walldorf.

The Wiesloch/Walldorf site covers a total area of around 840,000 square meters. Of this, more than 200,000 square meters will be remarketed with VGP as part of the planned site and structure optimisations.

VGP CEO Jan Van Geet said the company plans to strategically realign the site and develop a modern industrial and commercial park here for long-term tenants from a variety of sectors.

“We are very pleased that we have succeeded in acquiring this unique property. In close and trusting cooperation with the seller and the responsible parties of the cities of Wiesloch and Walldorf, we were able to realise the acquisition very quickly,” Van Geet said.

“In this way, we want to make a sustainable contribution to the creation of new jobs and the economic development of the region. Sustainability and energy efficiency are key parameters for the properties developed by VGP. These aspects will also play a central role in the development in Wiesloch/Walldorf.”

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