VGP, a Belgian-based pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate, has accelerated the development on the Romanian market in the last two years, adding three new locations to its portfolio – Brasov, Arad and Bucharest, as well as a new extension with 10 hectares of land for VGP Park Sibiu.
In Timisoara, the investor has ten-year presence with one of the most modern industrial parks in Western Romania. In Q3 2021 VGP finalized a new 30.000 sqm warehouse within its Timisoara development, being fully leased.
“Our recently finalized warehouse in Timisoara, a sustainable class A logistic development, hosts Casa Rusu furniture producer and two of our long term partners: RPW logistic and World Media Trans ,” said Dana Bordei, Commercial Country Manager VGP Romania.
VGP Park Timisoara is located in the north-eastern part of Timisoara and totals 155,000 sqm of class-A semi-industrial premises suitable for logistics, industrial and commercial activities. Situated at an intersection of the city’s ring road, the location has easy access to and from the motorway connecting the international airport and the city and to the E70.
Last year, VGP also started construction at a large new scheme in Brasov. VGP Park Brasov is developed on a 39-hectare plot of land, the total park being able to host up to 180.000 sqm GLA of class A logistics spaces. The investor received in August 2021 the building permit for a 28.000 sqm warehouse, the new construction going to be delivered in Q1 2022.
VGP Group has a total of 85 parks located in eleven European countries and is on a path of expansion in all its markets.
Find out more about the real estate dynamics across the regional cities of Romania: