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KSB Advises on VGP’s Expansion of Warehouse Space in Slovakia and Hungary

KSB Advises on VGP’s Expansion of Warehouse Space in Slovakia and Hungary

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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.

Kocian Solc Balastik at a Glance

Kocian Solc Balastik (KSB) is one of the few Czech law firms who have been on the market for over 30 years and is still independent. With a team of almost seventy legal and tax specialists operating in Prague, Karlovy Vary and Ostrava, KSB is one of the largest law firms in the Czech Republic.

Thanks to the ratings of clients and our competitors, we are a highly respected and acknowledged law firm, as evidenced by a number of prestigious awards, especially the four-time Chambers Europe Award for Excellence for the best law firm in the Czech Republic, often we have been the only purely Czech law firm among the nominees.

Our priority is to provide added value to clients. Therefore, we know the specifics of their business and adapt the proposed solutions to the client’s context, with great emphasis on professional ethics and building long-term relationships based on mutual trust and respect.

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