Arcona Capital, on behalf of Jersey-based Belgravia European Fund, sold an industrial development site in the Czech Republic to VGP Group. The 92,600 sqm site with a valid planning permit is located in Chomutov, North Bohemia. It has room for 48,000 sqm of industrial and logistic facilities. The area offers skilled labor and is strategically located next to the D7 motorway, offering good transport connections to the main automotive manufacturing clusters in both the Czech Republic and Germany. Arcona Capital took over management of the property in 2009 and completed land development activities such as project design and planning permissions.
