Kocian Solc Balastik has advised the VGP Group on expanding its warehouse space in Slovakia and Hungary.
According to KSB, “VGP has expanded the Bratislava VGP Park by 140,000 square meters of warehouse space and is in the process of building a new VGP park in Zvolen, which will have a total area of 52,000 square meters.”
“In Hungary, the first stage of the Budapest Aerozone VGP Park was completed with a 10,000 square meters warehouse for tenant Boxy Logistics,” the firm reported. “Three more stages are to follow to complete the entire site, which will have a total area of 50,000 square meters.”
VGP is an Antwerp-headquartered logistics and semi-industrial real estate developer, manager, and owner. The company has over 300 employees and operates assets in 11 European countries directly and through its joint ventures with Allianz Real Estate.
The KSB team included Partner Jiri Hornik and Lawyer Richard Hamran.
KSB did not respond to our inquiry on the matter.