New Commercial Director for VGP Hungary

VGP, the pan-European provider of high-quality logistics and semi-industrial real estate, announced the appointment of Gergely Somogyi as Commercial Director for VGP Hungary.

Gergely, who started with VGP on 1 July, has a wide experience in industrial and logistics real estate of more than 7 years as an Associate for Cushman & Wakefield in Budapest where he had VGP and other logistics & industrial companies as his key clients. He has a master degree as an Economist in Marketing at the Corvinus University of Budapest.

Gergely Somogyi said: “Within my former job, I was working with VGP for a long time. We have closed successful transactions. To support them was a huge accomplishment in my career. Joining the VGP-team is very exciting. The industrial sector is blooming in Hungary and there is remarkable potential to grow and to expand our portfolio. VGP has the perfect background and professional knowledge to become one of the most significant developers at strategic locations on the market.”

Karoly Palovics, Country Manager VGP Hungary said: “We are strengthening our presence on the Hungarian market with new parks under construction and others to develop and therefore we see us obliged to develop our organisation along. We are very happy to welcome Gergely as Commercial Director. With his commercial experience in the industrial & logistics real estate sector, we can focus more on market presence and provide the best service to our clients. He is a real added value in our team.”

With Gergely’s arrival, Laszlo Balogh will be able to focus more on Land Acquisition and the development of new plots to support the strong demand and future development of the Hungarian market. VGP Hungary currently owns and manages 5 parks in its portfolio (existing or under construction) and has new projects in the pipeline.