VGP set to develop new business park in Arad, Romania
Bucharest, August 20, 2020 - VGP, a leading European developer, manager and owner of high-quality logistics and semi-industrial real estate, announces its new real estate development in the West of Romania: VGP Park Arad. First deliveries in the park are scheduled as of 2021. VGP was assisted in the ground acquisition by CBRE.
The new plot new location 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 perfect connectivity to European road networks being adjacent to the A1 highway and just 50 km away from Timisoara as well as the Romanian/Hungarian border point (Nadlac).
On a land plot of 39 Ha, VGP Park Arad will offer as of 2021 a potential lettable area of up to 200,000 m2, ideal for Light Industry, Automotive pre-assembly operations as well as Logistics and Distribution/Courier hubs.
The full permitting already in place as well as local support and efficiency of Arad city local authorities are the premises for fast development of both build-to-suit projects and/or standard buildings according to VGP’s high quality specification.
