Demand for logistics real estate in the Baltics is growing fast new deal shows
Newsec in the Baltics advised on the sale of an 18,000 sqm logistics centre owned by BCP Logistics Property III of Norway. The current tenant Vinges Terminalas acquired the property for nearly €10 million. The logistics and office complex consists of 16,755 sqm of warehouse premises and 1,375 sqm of office space. The property is at a strategically convenient location near Vilnius and next to Lithuania’s main Vilnius–Kaunas-Klaipeda (A1) highway, ensuring ease of access for both major cities and neighbouring countries. The logistics complex is also well situated in relation to railway lines and the Vilnius and Kaunas airports. Vinges Terminalas is a logistics company offering comprehensive warehousing, preparation and labelling of goods, delivery and customs clearance services. Sigurd Persson, a representative of seller BCP Logistics Property III, cites more than ten years of successful collaboration with Vinges Terminalas. The facility was built by Vinges Terminalas back in 2007-2008. Due to the need for capital to further develop and expand…
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