VGP and GEMO conclude a strategic partnership in Olomouc

Last autumn VGP and GEMO concluded an agreement on long-term cooperation in the implementation of the “Olomouc Technology Park”.

VGP plans within phase I of the park with a size of 480,000 m2 to build on the successful work of the original developer of the site and to build production facilities with a total leasable area of 230,000 m2. Approximately 10,000 m2 is currently prepared for lease in Hall G2, and another 10,000 m2 is under construction (the shell of the building is nearing completion.

The signing of the agreement creates close cooperation between two prominent partners - the stable construction and development firm of GEMO and the successful international development group of VGP. VGP focuses on the construction and lease of industrial real estate for manufacturing and logistics firms and also provides related real estate services.

Both parties promise that their collaboration will lead to the faster development of the park and its gradual lease to successful firms offering the region new employment opportunities, modern technology, higher work productivity, a dynamic environment for starting greater innovation activity in the local business environment and overall support for increasing the competitiveness of the regional economy. Upon completion, the park will be a major asset for the entire Olomouc Region.

The “Olomouc Technology Park” is located at the southwest edge of Olomouc near the town of Hněvotín, in close proximity to the R46 and R35 highways to Brno, Ostrava and Hradec Králové, at exit 37. The site is intended for investments primarily in the fields of innovative clean technologies, processing and light manufacturing, strategic services, shared service centres, warehouse and storages facilities.

The park can be reached by freight, car and public regional bus transport, the site is also connected to all utilities.

VGP - company profile

The VGP Group (www.vgpparks.eu) builds first-rate semi-industrial facilities and related office spaces, the company retains ownership and leases these facilities to prominent tenants under long-term agreements. VGP’s team of employees manages all the activities of the fully integrated business model: from searching and purchasing land to creating the concept and design of the project and supervision of the construction work, up to the signing of contracts with potential tenants and the administration of real estate in the portfolio. VGP is listed on the Euronext Brussels Stock Exchange and the main market of the Prague Stock Exchange.

GEMO - company profile

The GEMO Group (www.gemo.cz) has a portfolio of numerous important projects realised in the Czech Republic and Slovakia as investor, developer and general contractor. The GEMO Group was created in response to the needs of the dynamically developing company GEMO OLOMOUC, spol. s r.o., which this year celebrates 25 years of construction and development. The extraordinary character of these buildings and projects is confirmed by a long list of professional awards. In 2013 the firm was transformed into a holding company, including the new firm GEMO DEVELOPMENT, spol. s r.o., a member of the GEMO concern (www.gemodevelopment.cz), responsible for all the property development activities in the holding and which implements a wide range of projects, including industrial, residential, retail, office, hotel, entertainment and sports and public-private partnership projects.

Contact for media:

VGP
Jan Van Geet
general director
Tel. +420 602 404 790
e-mail: jan.van.geet@vgpparks.eu