Heidelberger Druckmaschinen AG is developing a modern HEI-TECH industrial park at its Wiesloch/Walldorf site and has gained a strong partner in VGP, a European provider of high-quality industrial and commercial property. In this context, the VGP Group has acquired a further 80,000 square metres of space from Heidelberg.
A corresponding purchase agreement was signed by both companies. Together with the approximately 130,000 square metres already acquired a year ago VGP is planning an innovative, urbanistically sophisticated office and technology quarter in close cooperation with Heidelberg in the Rhine-Neckar metropolitan region. The first construction measures at the HEI-TECH Industrial Park are scheduled to take place as early as calendar year 2022.
The total areas of Heidelberg and VGP will be combined to form the integrated HEI-TECH industrial park with the The aim is to develop an innovative production, office and technology quarter. Heidelberg and the production and research companies that will settle here in the future can thus Benefit from each other's expertise and realise sustainable synergies in various areas.
„We are delighted to be able to realise the next step in the development of our HEI-TECH industrial park in Wiesloch/Walldorf with VGP. For us, it is crucial that modern commercial and industrial uses are now being created quickly and visibly in our industrial park - with skilled, good jobs for people in the region and synergies with Heidelberg's capabilities. The industrial park is another component of our successful transformation into a technology company. In addition, we are making savings through more efficient use of space in Heidelberg considerable costs in the future.“
Rainer Hundsdörfer, Chairman of the Management Board of Heidelberger Druckmaschinen AG
For Heidelberg, the project is a Another milestone in the planned location and structural optimisation in Wiesloch/Walldorf. In total, the Wiesloch/Walldorf site covers an area of around 840,000 square metres. Of this, more than 200,000 square metres will be newly marketed with VGP as part of the planned location and structural optimisation. Almost 5,000 employees currently work at the site. Heidelberg is realising a purchase price in the mid double-digit million euro range. The transaction is expected to be completed in the 2022/23 financial year.
„We are delighted that we have succeeded in acquiring this unique property. In close and trusting cooperation with the seller Heidelberger Druckmaschinen AG and those responsible in the towns of Wiesloch and Walldorf, we were able to realise the acquisition very quickly. We are planning the To strategically reorganise the space and develop a modern industrial and commercial park for long-term tenants from various sectors. In this way, we want to make a sustainable contribution to the creation of new jobs and the economic development of the region. Sustainability and energy efficiency are key parameters for the properties developed by VGP. These aspects will also play a central role in the development in Wiesloch/Walldorf.“
Jan Van GeetChairman of the Management Board of VGP
VGP is a family-run European developer, operator and owner of high-quality logistics and commercial property. The company has a Fully integrated business model and many years of experience along the entire value chain, from property acquisition and development to asset and property management. The VGP Group operates in thirteen European countries and continues on its successful course. In Europe, the family-owned company based in Antwerp, Belgium, now operates 94 parks in twelve countries.
Source: Heidelberger Druckmaschinen AG
