VGP officially opens its first Portuguese business park in Santa Maria da Feira

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PRESS RELEASE

VGP officially inaugurates its first Portuguese business park

in Santa Maria da Feira

Porto, Portugal, November 8, 2021 VGP, a pan-European provider of high-quality logistics and semi-industrial real estate, officially opened its first business park in Portugal since entering the Portuguese market in 2019. Last Thursday, with Emídio Sousa, Mayor of Santa Maria da Feira, and several suppliers, VGP celebrated the inauguration of the new business park.

Construction of the new park began in March 2021. The park is located on a site of approximately 73,500 m2, offering nearly 30,000 m2 rental space divided between a warehouse and offices. VGP Park Santa Maria da Feira enjoys a prime location next to the A1 – Portugal’s main motorway – and CREP A41, the Outer Regional Circular of Porto. Thanks to a very easy connection to Porto and its metropolitan area of ​​over 1.7 million inhabitants, the privileged location guarantees the availability of a skilled workforce and easy access.

Using the latest technological advances, the building meets the requirements of energy-efficient and sustainable construction and will aim to be the first BREEAM Very Good certified sustainable logistics park in Portugal.

The park is already fully leased by Radio Popular, one of the leading consumer electronics retailers in Portugal, which has chosen VGP Park Santa Maria da Feira as the location for its new logistics center. Radio Popular will move into the new facilities in early 2022.

Emídio Sousa, Mayor of Santa Maria da Feira, was the guest of honor at the event. For VGP, close collaboration with local authorities and the local community is essential from the start of any project. Emídio Sousa commented: “We warmly welcome VGP to our town. For us, the opening of this business park is much more than a simple formal or symbolic act. This is a decisive step towards affirming our strategy of attracting value-added projects in our territory. VGP Santa Maria da Feira Park stands out for its size and scope, but above all for its commitment to sustainable development, social responsibility, the community and the region. “

Jan Van Geet, CEO of VGP, noted: “Portugal is a strategic country for VGP. The fundamentals of the economy are strong – benefiting from a skilled, English-speaking workforce amid entrenched and stable political and social systems. In addition, the economy is on track for a strong recovery from the pandemic, as shown by data on industrial production turnover and retail sales reflecting pent-up demand from Portuguese consumers. ”

José Manuel Ferreira, Country Manager VGP Portugal, Explain : “We entered the Portuguese market in 2019 and we currently have three projects underway. In addition to our first park in Santa Maria, we have also acquired land in Sintra and Loures. Our ambition is for these parks to be fully let in the coming months. In addition, we are analyzing several new locations in the Lisbon region. VGP has a clear ambition to bring prime locations, high quality standards and the most sustainable buildings to the Portuguese market. We don’t strive to be the greatest, but rather strive to be the best in its class. ”

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The VGP Group, which currently operates in 13 European countries, intends to continue its expansion. There are currently more than 85 parks in 11 countries in Europe. In addition to using advanced technology, durability and energy efficiency are important parameters for the commercial properties that VGP develops. The company aims to be carbon neutral by 2025 and is also working on BREEAM certifications and green electricity production through its VGP Renewable Energy business unit. As a result, 35% of its portfolio is already certified and VGP Renewable Energy’s green power generation capacity has been extended to 62 MWp, with an additional 71 MWp in preparation. The VGP Foundation, created in 2019 with the aim of increasing the social impact of VGP, has identified the first 23 projects to be supported and has been endowed to date with 7 million euros by VGP.

CONTACT DETAILS FOR POTENTIAL TENANTS AND MEDIA INFORMATION

José Manuel Ferreira

Phone. : +351 932 558 249

VScountry director VGP Portugal

Miguel Figueiredo

Phone. : +351 935 682 168

Sales Director VGP Portugal

Karen huybrechts

Phone: +32 (0) 3 289 1432

To manage of VGP Marketing

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 long-standing capabilities and expertise across the value chain. The company has a development land reserve (owned or committed) of 8.56 million m², and the strategic focus is on the development of business parks. Founded in 1998 as a Belgian family real estate developer in the Czech Republic, VGP with a workforce of over 300 employees today owns and operates assets in 11 European countries directly and through several 50:50 joint ventures. In June 2021, VGP’s net asset value, including 100% joint ventures, was € 4.48 billion and the company had a net asset value (EPRA NTA) of 1.51 billion euros. VGP is listed on Euronext Brussels (ISIN: BE0003878957).

For more information, please visit: http://www.vgpparks.eu


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