VGP plans business park in Romania
VGP, a Belgian developer, manager and owner of high-quality logistics and semi-industrial real estate, has announced plans for a new real estate development in the west of Romania. First deliveries in VGP Park Arad are scheduled as of 2021.
The new plot secured by VGP Romania, a company with the ambition to widen and strengthen its presence on the national market, is strategically positioned within Arad city limits, with connectivity to European road networks as it is adjacent to the highway and just 50 km away from Timisoara as well as the Romanian/Hungarian border point (Nadlac).
On a land plot of 390,000 sqm, VGP Park Arad will offer as of 2021 a potential lettable area of up to 200,000 sqm, ideal for light industry, automotive pre-assembly operations as well as logistics and distribution/courier hubs. (mw)