VGP agrees on large logistics projects with Amazon and BMW

27/11/2018

Logistics developer VGP will be building an 80,000 sqm logistics center for Amazon on extension lots of its logistics park on Groner Siekanger in Göttingen, as was released in a quarterly report. The firm also conveys having established a contract with BMW for construction of a new storage building in Parsdorf near Munich. As soon as all permits have been obtained, the car manufacturer wants to build a storage facility for its research and innovation center. VGP, who transfers its finished properties into a joint venture with Allianz, reports having acquired a total of 1.15 million sqm of land across Europe since the beginning of the year. In September, the company sold the logistics center of textiles retailer Mango in Barcelona for €150mn.


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