VGP Russelheim permit for Green Campus received
VGP received the final building permit to begin construction of the new Stellantis Germany and global Opel headquarters in Rüsselsheim or “grEEn campus project”. Initial work has already begun, but permitting brownfield construction is more complex. The site spans 100k sqm and is part of a larger 700k sqm area acquired in FY23. A photovoltaic system and green roof will generate energy. A lot of development opportunities remain on the surrounding land. This project is part a large brownfield opportunity that will generate development opportunities for the next 5 to 8 years. A possible datacenter implementation is being examined as the site has on-site power generation and is close to the Mainz river. Our KBCS brownfield panel zoomed in on this project as greenfield land in Germany of this size and location is very hard to find. We added VGP to our Dynamic Top Pick List today.VGP NV is a Belgium-based real estate development company that constructs and develops industrial real estate and ancillary offices, which are rented out to clients on long term lease contracts. The Company operates in three business segments: the Development activities segment is focused on the identification and acquisition of the land and development of the infrastructure, the design of buildings, the coordination of architectural and engineering aspects, the administration to obtain the necessary permits, the tendering and coordination of the construction works, including site management, and the facility management of the real estate portfolio; the Property Management and Leasing services segment is responsible for managing the operation of the buildings, and the Facilities Management services segment is responsible for managing the operation of the buildings and performs all actions, such as maintenance services, waste management services and maintenance greenery, among others.
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