TIGGES has advised the European developer and operator of logistics and commercial real estate VGP Group on the conclusion of a contract with Isar Aerospace for the development and construction of the new company headquarters in the Vaterstetten-Parsdorf III industrial estate. The aerospace service provider is planning to build one of the world's most modern production facilities for orbital launch vehicles. The new site with an area of more than 40,000 m² will house production, development and the company headquarters of Isar Aerospace. The local council has already approved the plans, but planning permission is still pending. Construction work is scheduled to begin in 2024.
With this completion, the business park will be fully occupied with a total of 320,000 m² of lettable space. The VGP Park Munich in the Parsdorf III industrial estate is a role model in terms of sustainability. The existing buildings have been awarded at least Gold certification by the DGNB (German Sustainable Building Council). This certification is also being sought for the new building being constructed for Isar Aerospace. The sustainable energy supply for the buildings will be provided by solar panels and the issue of biodiversity will also be taken into account in this park, including the creation of an ecological compensation area of 24 hectares of fields, dry grassland, flower strips and ponds next to the park.
TIGGES has been advising VGP for many years and has provided legal support for the acquisition and letting of large halls in VGP's own logistics parks.
We congratulate the parties involved and wish them every success!
Real Estate TIGGES advisory team
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