VGP Acquires Historic Kabel Premium Pulp & Paper Site in Hagen for Green Business Park Development

VGP, a leading pan-European developer of logistics and semi-industrial properties, has acquired the 280,000 m² former site of Kabel Premium Pulp & Paper GmbH in Hagen, Germany. The acquisition, finalized on 9 October 2025, marks VGP’s first project in North Rhine-Westphalia. Once home to a paper mill operating for nearly 130 years, the site will be transformed into a modern business and industrial park. VGP plans to attract companies in manufacturing, light industry, and logistics, while targeting DGNB Gold certification to ensure high sustainability standards. The redevelopment will align with EU Taxonomy requirements, focusing on CO₂ reduction during construction. Located near the A1 motorway and just 20 minutes from Dortmund, the site offers connectivity and infrastructure advantages. VGP aims to create new jobs and promote sustainable regional growth in close collaboration with the City of Hagen.