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According to SBA Vice President Jolanta Grašienė, SBA furniture companies Laminn and Innovo Logistika will carry out the production of furniture components and logistics activities on the transferred objects, as before, and new projects will be developed in the Valley of Industrial Innovation of 50 ha.
The new logistics center and factory were developed by the SBA Urban Inventors group company. The total rental area of both objects is 44,000 m2. meters. The value of the transaction with the EfTEN fund is LTL 28.6 million. euros.
SBA Photo / SBA Valley of Industrial Innovation
Under the purchase agreement, both buildings will be leased for 15 years to Innovo Logistika, which is owned by the largest furniture exporter in the Baltic countries, SBA Furniture Group. SBA’s main furniture partner is IKEA, and the group companies are an important part of the company’s international supply chain.
In addition to these newly acquired properties, EfTEN Real Estate Fund 4’s investment portfolio includes the Kadriorg business center in Tallinn, the Dominante logistics center in Riga, the River Mall / River Hall shopping and commercial center in Kaunas and the RYO shopping center. in Panevėžys.
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