Sorainen’s Lithuanian office has advised the SBA Group on its EUR 28.6 million sale of a logistics center and a furniture component factory to Estonia’s EfTEN Real Estate Fund 4. Fort advised the buyer on the deal.
According to Sorainen, the center and the factory were developed by SBA’s subsidiary Urban Inventors and comprise 44,000 square meters of gross leasable area in total. They are located in the SBA Industry Innovation Valley near Klaipeda, Lithuania.
According to the firm, “SBA furniture sector companies Laminn and Innovo Logistika will continue furniture component manufacturing and logistics operations in these objects as before, while new projects will be further developed in the 50 hectares SBA Industry Innovation Valley.”
Sorainen’s team consisted of Partners Kestutis Adamonis and Saule Dagilyte, Counsels Asta Augutyte-Rapkeviciene and Evaldas Dudonis, and Senior Associates Karolis Kunigelis, Simona Stanciukaite, and Rasa Mikutiene.
Fort’s team included Partner Ruta Radzeviciute-Meizeraite, Associate Aurelija Grigoraviciute-Rimeisiene, and Junior Associate Gabriele Velta Mickeviciute.