VGP is selling an 80% stake in a portfolio of seven logistics parks for over €140 million. The portfolio consists of six VGP parks situated in the main regional cities of the Czech Republic.
The properties being sold are the VGP Park Liberec I and II, the VGP Park Olomouc, VGP Park Mladá Boleslav, VGP Park Hradec Králové, Plzen-based VGP Park Ný and an asset in Predlice, adds PropertyEU, adds PropertyEU. VGP will continue to maintain a 20% interest and management in the portfolio.
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