Eften Capital Fund i SBA u 28.6 million. Eur buys logistics center



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Aware: 2020-12-09 09:22

SBA logistics center and factory near Klaipda. Company photo



Business beginnings

The fund of the Estonian capital investment company Eften Capital in the company SBA or 28.6 million. Eur buys a logistics center and a factory near Klaipda.

In real estate development (RE), we are now realizing and simultaneously mobilizing resources for new strategic SBA Group projects focused on global markets, said Jolanta Graien, Group Vice President.

According to Laurynas ilis, director of Eften Capital Lietuva, the objects correspond to the portfolio strategy of the real estate fund.

44,000 sq. M. It was transferred to the Eften Real Estate Fund 4 transaction fund. Area m logistics center and factory, which the group will continue to rent. The initial lease term is 15 years.

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Following the transaction, the Group transferred the production of furniture components and logistics activities at the transferred facilities from Lamons and Innovo Logistics. The Group plans to continue developing projects in the territory.

The transaction was financed by the commercial bank Luminor and mediated by the law firms Sorainen and Fort.

The concern of the project has been developing since 2019. In the first stage of construction of the transaction transferred the logistics center and the factory, it was announced that they, investing in the parcel and range, invested more than 30 million. EUR.

Eften Real Estate Fund 4 currently operates the Ryo shopping center in Panevėžys and the River Mall / River Hall shopping and office complex in Kaunas in Lithuania.

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