Slough Estates International is expanding its operations in eastern Europe with the acquisition of the Central European property development operations of engineering firm. The transaction would expand Slough’s logistics operations into Poland, the Czech Republic and Hungary and also give it an option to move into Italy.
Slough’s managing director in Europe, Walter Hens, said: “These businesses would give SEI up to 170 hectares of well located development land in attractive new geographies – and a strong team with excellent local knowledge. For strategic reasons Grontmij are exiting these businesses – the timing should work well for SEI, with sites assembled, zoned, serviced and ready for development.”
