[ad_1]
EfTEN Real Estate Fund 4 acquired a complex of 3 commercial buildings on Molėtai Street from Arginta Group through a sale and leaseback transaction.
The complex consists of 3 industrial, logistical and administrative warehouses with a total leasable area of more than 16 thousand. kv. subway. The facilities were built in 2007, 2012 and 2018, using the highest quality materials and adapting the latest technologies to meet the needs of the tenants: solar collectors, wind turbines and electric car charging stations were installed.
The complex is located in the emerging innovation and production area near the Molėtai highway, in a very convenient location: only 12 km from the center of the capital and 15 km from Vilnius International Airport. The nearby A14 motorway also ensures convenient connections to Molėtai and Utena, and the planned Vilnius Northern Ring Road will ensure even more convenient accessibility in the near future.
Arginta Group, which sold the buildings under a subsequent lease, entered into a long-term lease, which will allow it to continue developing its operations at these facilities. The premises are also rented by other tenants: Armila, one of the largest international distributors of medical and pharmaceutical devices, the high-tech laboratory Brolis Semiconductors and Arginta Engineering, which designs, manufactures and exports custom metal equipment.
“We are pleased to have received a lot of interest from various investors in our developed buildings. We believe that the partnership with EfTEN will be long-term and successful. Our goal is to continue to focus on our core business and we intend to invest the released frozen capital in other activities. Now our The most important project is to start developing the Valley of Production Innovation alongside the buildings sold, designed for companies of various sizes to create, test and develop their innovations ”, says Gintautas Kvietkauskas, Director of Arginta Group.
“The Arginta building complex is the fund’s first investment in Vilnius and is fully in line with our asset class and location diversification strategy. We have acquired exceptional, high-quality buildings that have long been leased by a trusted group of companies. We see great potential in the surrounding area to become one of the main high-tech and innovation neighborhoods in Vilnius, and we have planned further development here, ”says Laurynas Žilys, head of EfTEN in Lithuania.
According to Andrius Švolka, director of Newsec’s Investment Transactions Group in the Baltics, the transaction and other development plans for the nearby parcels of land show the great potential of this location to become diverse production and technology. innovation cluster in Lithuania. Furthermore, this transaction only reaffirmed that to date, the demand for high-quality industrial and logistics buildings with good leases from local and foreign funds is particularly high.
“It can be said that in the already very active commercial real estate market, the segment of industrial and logistics objects is becoming a real favorite with investors. We are currently witnessing a reactivation of the industrial sector, one of the few that not only withstood last year’s recession, but also grew. It is important and fun to us that both parties to this transaction, the buyer and the seller, are Luminor customers. We know both companies very well, so we were able to agree on financing conditions quickly and efficiently, ”says Gediminas Kesminas, an expert in real estate financing at Luminor Bank.
The transaction was completed this year. subway. March 31 The acquisition was financed by Luminor Bank. The seller was advised on legal matters by the Ellex Law Firm and the buyer by FORT legal.
