VGP NV and Allianz Real Estate, acting on behalf of several Allianz Group companies, announced a successful sixth closing with its 50:50 joint venture, VGP European Logistics. The transaction comprises 13 logistic buildings, including 7 buildings in 3 new VGP parks and another 6 newly completed logistic buildings which were developed in parks previously transferred to the Joint Venture.
Dentons advised Raiffeisen Bank International AG and Raiffeisen Bank SA in connection with a €34 million facility agreement granted to VGP Park Timisoara SRL to refinance an industrial project, including four prime logistic buildings in Timis, Romania.
Arcona Capital, acting on behalf of the Jersey-based Belgravia European Fund, has completed the sale of the Fund’s residual industrial development site located in Chomutov, northern Bohemia, to VGP Group. The site, with planning permission for industrial use, is located next to the D7 motorway close to the town of Chomutov.
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