VGP: EUR 500 million investment for BMW Group and KraussMaffei Group
VGP, a leading European provider of high-quality logistics and commercial real estate, is developing a new business park in Parsdorf near Munich. VGP Park Munich is located on a 40 ha site and will offer 250,000 m² of rentable space for logistics and manufacturing companies.
The new park will offer tailor-made solutions for its tenants BMW and KraussMaffei Group offering a wide range of jobs in production, logistics and administration. Krauss Maffei Group will accommodate the complete production of all divisions and head office to Parsdorf. In addition to the 1,800 existing jobs, it will also create many new ones. The relocation of these two companies to Parsdorf will be the largest relocation project in the greater Munich area since the relocation of the airport from Riem to Erding in 1992.
The long-term leases with the two renowned companies have already been concluded with the project developer and builder-owner, VGP Park München GmbH. The lease agreement with the KraussMaffei Group is still subject to a approval by the committee. The construction phases of this project have a timeframe of several years and involve an investment of more than EUR 500 million.
“The Parsdorf site offers KraussMaffei Group the opportunity of the century. We are now seizing this opportunity to remain competitive in the long term and a leader in global markets. We are creating more space to accelerate our growth, secure existing jobs and build new ones”, says Dr. Uta Bartsch, Vice President Business Excellence & Facility Services of KraussMaffei Group.
“We are very pleased to have found a new location in Parsdorf for the Supply Centre for our BMW Research and Innovation Center. The optimal location close to Munich enables us to react quickly and flexibly to the requirements of development and production,” says Gerhard Vitzthum, Head of Production Planning and Logistics at BMW.