VGP Park Nijmegen fully let with signing of new lease agreement
VGP, a pan-European developer, manager and owner of high-quality logistics and semi-industrial real estate, is pleased to announce that it has fully leased out its VGP Park Nijmegen. Yesterday VGP signed a new lease agreement with an e-commerce company for the rental of circa 62,000 m² gross lettable area of which, circa 59,000 m2 of warehouse space, now under construction. The total gross lettable area of the park of around 207,000 m2 – constructed and under construction – is now fully let.
VGP Park Nijmegen, located on Park 15 in Oosterhout (Gld.) is a strategically situated location between Arnhem and Nijmegen, directly on the A15 motorway and close to the German border. Other major motorways, such as the A73 and A50, are nearby and transport by rail or the river Waal is also possible. VGP Park Nijmegen, named after the nearest large city for international recognition, is part of the development known as Bedrijvenpark Park 15 Logistics.
Geerd Van Helden, Commercial Director of VGP Benelux said: “Leasing over 135,000 sq meters of new space in our extension in VGP Park Nijmegen to three different tenants is a testament to the high occupier demand in differtent sectors, we are facing at this location, reflecting the importance of the city-region Arnhem-Nijmegen as a logistics location and the attraction of the park to occupiers.”
The real estate services company JLL has advised the rental operation.
After launching VGP in the Benelux in 2018 with the first land acquisition for the Netherlands, VGP has already developed and delivered over 187,000 m2 gross lettable area of warehouses and offices at their VGP Park Nijmegen (Oosterhout Gld.) and VGP Park Roosendaal. With another fully permitted land plot with a potential of 19,500 m2 of lettable space at VGP Park Nijmegen, the second building under construction and fully rent out at VGP Park Roosendaal, as well as the upcoming park VGP Park Moerdijk, VGP is building tomorrow today. Overall, the Group operates in sixteen European countries. The company based in Antwerp, Belgium, now operates 102 parks. Of the 1,402,000 m2 gross lettable area under construction, more than 90% has been pre-let - partly thanks to this transaction.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 100,000 as of March 31, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.