Hello @Mihai Tănăsescu
Welcome to Microsoft Q&A Platform,
The default Azure BGP peer IP address is assigned automatically unless you want to use APIPA addresses:
By default, Azure assigns a private IP address from the GatewaySubnet prefix range automatically as the Azure BGP IP address on the Azure VPN gateway. The custom Azure APIPA BGP address is needed when your on premises VPN devices use an APIPA address (169.254.0.1 to 169.254.255.254) as the BGP IP
For reference:
https://learn.microsoft.com/en-us/azure/vpn-gateway/bgp-howto
Thread related:
https://learn.microsoft.com/en-us/answers/questions/509571/azure-vpn-2-bgp-peers-in-gateway-subnet-why.html
I hope this helps!
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