VGP acquires land plot for the development of VGP Park Bucharest (North)
VGP announces the acquisition of a new land plot in a prime location near Bucharest and the start of development of its new multi-tenant business park VGP Park Bucharest.
VGP Park Bucharest is being developed on a land plot of approx. 250,000 sqm and will have a total potential lettable area of about 120,000 sqm divided over 4 buildings.
The park offers flexibility to potential tenants in terms of layout and build-to-suit options. The project is located in the northern part of Bucharest, at the intersection of the A3 highway with the Bucharest ring road and having direct access to both. Construction of the first building with a surface of 28,000 sqm is planned to be kicked-off in June 2021 and the delivery is expected for December 2021.
“We are very pleased to have acquired this strategically located land plot near the Romanian capital and thereby to enter Bucharest market as well. With technological changes and e-commerce continuing to be an important driver for demand for high standard facilities, we experience a solid demand from potential tenants. With this new park, we can offer high quality & sustainable premises on a top Bucharest location,” said Adrian Crizbasianu, Country Manager VGP Romania.