VGP develops fulfilment centre for Zalando at VGP Park Giessen - Am Alten Flughafen
- Zalando is moving into approximately 130,000 m² of commercial space for warehousing and distribution purposes
- Company scheduled to move into the warehouse in 2023
Giessen, Germany, 4th November 2021 - VGP NV (“VGP” or “the company”), a European provider of high-quality logistics and semi-industrial real estate, is developing a new fulfilment centre for Zalando SE at VGP Park Giessen - Am Alten Flughafen.
The site in Giessen, which will comprise a floor area of almost 100,000 m² and a mezzanine of around 30,000 m², is the company's fourth fulfilment centre in Germany, alongside Erfurt, Mönchengladbach and Lahr. With this new warehouse, Zalando is expanding its European logistics network to serve customers in Germany and neighbouring countries.
VGP Park Giessen - Am Alten Flughafen is one of three VGP parks in the Giessen area (Hesse) in the eastern part of the “Alter Flughafen” industrial complex. It is located in the immediate vicinity of the A5 motorway and the densely populated Frankfurt am Main metropolitan area. The park offers rental space for commercial, production and logistics companies, and provides both tailor-made solutions for large companies as well as small units starting at 1,000 m². Construction is scheduled to start in November 2021. Zalando is scheduled to move into the warehouse in 2023.
“We are very pleased and honoured to have a company among our tenants that has recently joined Germany's largest stock index, the DAX. Thanks to its high-quality building structure and excellent connections to the Frankfurt/Rhine-Main metropolitan region, our site Am Alten Flughafen in Giessen offers the ideal conditions for Zalando to expand its logistics network and at the same time strengthen the company's customer proximity,” says Darius Scheible, Managing Director of VGP Industriebau GmbH. “This will provide a further growth spurt to VGP,” Scheible continues.
“We are excited to expand our logistics network with our fourth state-of-the-art fulfilment centre in Germany – adding to our existing warehouses in Erfurt, Mönchengladbach and Lahr,” says Masood Choudhry, Senior Vice President Logistics at Zalando. “We are looking forward to setting up a strong team and sharing experiences across our network so that we can quickly ramp-up our operations in Giessen,” he adds.
The VGP Park Giessen - Am Alten Flughafen is one of 35 VGP parks in Germany. The Group successfully operates in 13 European countries and intends to continue its expansion course. The family-owned company based in Antwerp, Belgium, currently operates 85 parks across 11 countries in Europe.
In addition to using state-of-the-art technology, sustainability and energy efficiency are important parameters for the commercial properties that VGP develops. The company aims to be carbon neutral by 2025 and is also working on BREEAM certifications and green power generation via its business unit VGP Renewable Energy. As a result, 35% of its portfolio is already certified and VGP Renewable Energy's green power generation capacity has been expanded to 62 MWp, with a further 71 MWp in the pipeline. The VGP Foundation, established in 2019 with the aim of increasing VGP’s social impact, has identified the first 23 projects to be supported and has so far been endowed with €7 million by VGP.