Heidelberg & VGP develop HEI-TECH industrial park

Heidelberg and VGP develop modern HEI-TECH industrial park at the Wiesloch/Walldorf site. photograph heidelberg

Heidelberger Druckmaschinen AG (Heidelberg) is developing a mod HEI-TECH industrial park at its Wiesloch/Walldorf site and has gained a strong partner in VGP, a European provider of loftier-quality industrial and commercial real estate. In this connexion, the VGP group has caused a further fourscore,000 square meters of space from Heidelberg. A corresponding purchase understanding was signed by both companies. Together with the approximately 130,000 sqm already acquired a year ago, VGP plans to establish an innovative, sophisticated role and technology quarter in the Rhine-Neckar metropolitan region in close cooperation with Heidelberg. The showtime construction measures in the HEI-TECH industrial park are scheduled to take place as early every bit agenda year 2022.

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 product, office, and technology quarter. Heidelberg and the production and research companies to be located in the future will thus be able to benefit from each other's expertise and attain sustainable synergies in diverse areas.

"We are delighted to exist able to take the next stride in the development of our HEI-TECH industrial park in Wiesloch/Walldorf with VGP," said Rainer Hundsdörfer, primary executive officer of Heidelberger Druckmaschinen AG. "For u.s.a., it is crucial that new, forward-looking developments are at present being created quickly and visibly in our industrial park with modern commercial and industrial uses – with qualified, skillful jobs for people in the region and synergies with Heidelberg'south capabilities. The industrial park is some other component of our successful transformation into a technology visitor. In addition, more than efficient utilize of space at Heidelberg will save us considerable costs in the future."

Jan Van Geet, chief executive officeholder of VGP, is besides very pleased about the acquisition of the site, "We are very pleased that we have succeeded in acquiring this unique property. In close and trusting cooperation with the seller Heidelberger Druckmaschinen AG and the responsible parties of the cities of Wiesloch and Walldorf, we were able to realize the acquisition very quickly. Nosotros programme to strategically realign the site and develop a modern industrial and commercial park here for longterm tenants from a multifariousness of sectors. In this way, we want to brand a sustainable contribution to the creation of new jobs and the economical development of the region." Van Geet adds, "Sustainability and free energy efficiency are cardinal parameters for the backdrop developed by VGP. These aspects will as well play a central role in the development in Wiesloch/Walldorf."

Heidelberg's further milestone at Wiesloch/Walldorf

For Heidelberg, the project is a further milestone in the planned site and structural optimizations 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 volition be remarketed with VGP as part of the planned site and construction optimizations. Almost 5,000 employees currently piece of work at the site. Heidelberg will achieve a purchase cost in the mid double-digit million-euro range. The transaction is scheduled to be completed in financial year 2022/23.

VGP is a family-owned European developer, operator and owner of high-quality logistics and commercial real estate. The company has a fully integrated business model and many years of experience forth the unabridged value chain, from land acquisition and evolution to asset and property direction. The VGP Grouping operates in thirteen European countries and remains on runway for success. In Europe, the family-owned company based in Antwerp, Belgium, at present operates 94 parks in twelve countries.

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