17 November 2020 – The VGP group plans to begin the construction in Santa Maria da Feira in January of its first project in Portugal, an investment of 20 million euros. With over 70 logistics complexes in 11 European countries, the group is currently completing its acquisition of land to build four more logistics complexes in Portugal.
Jan Van Geet announced a year ago that the construction of VGP Park Santa Maria da Feira was to be completed in December this year. However, the arrival of the pandemic delayed work on the structure, scheduled for March. Construction is now due to begin in January, and completion is expected within eight to nine months. Located on a plot of land with an area of 73,500 square metres, the future VGP Park will have a covered area of over 30,000 square metres.
With the pandemic delaying construction, the VGP Group is in the final phase of acquiring additional land to develop more parks, forecasting a total investment of 80 million euros in five projects around the country. VGP is also eyeing four other plots of land: in Loures, Sintra, north of Lisbon and north of Porto.
Original Story: Jornal de Negócios – Rui Neves
Translation/Summary: Richard Turner