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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.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

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The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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