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Agrogate to build €200 mln logistics center

Agrogate Hungary Rt is to build a logistics center in Herceghalom near Budapest at a cost of €200 million, the company said yesterday. The greenfield project will be completed in several phases on an area of 120 hectares. The foundation stone of the first building was laid today. Phase one will involve building modern storage facilities, industrial buildings, office and trade areas on a combined 240,000 sqm. This will include two storage buildings with a combined area of 18 hectares. The scheduled deadline for completion is March 2006.