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Airpark logistics properties up for grabs

Beleaguered regional logistics, trading and development company Airpark Regionális Logisztikai, Kereskedelmi és Fejlesztési Zrt has put up for sale its properties at the Szentkirályszabadja airport in west Hungary for HUF 300 million, daily Napi Gazdaság reports.

Airpark is also selling a 27.4% share in trading, services and industrial company Multitech Kereskedelmi, Szolgáltató, Ipari Kft, which has been in liquidation since October 2007, for HUF 14 million. Airpark was set up in 2004 to build an industrial park and logistics center at the airport of Szentkirályszabadja, but the project ground to a halt after the local government didn't find enough tenants. The company eventually defaulted on hundreds of millions of forints in bank loans and was put into liquidation in 2007. The deadline for submitting bids is August 8.