SPC Legal has advised Mano Sala, Grinvest, and We Property NL on the sale of a warehouse and distribution center to East Capital. Walless advised East Capital on the deal.
According to Walless, "the center is fully leased to regional e-commerce leader Pigu (part of PHH Group) in Vilnius, Lithuania. It serves as Pigu Lithuanian office headquarters for its more than 300 employees, constitutes its largest Lithuanian physical store with a built-in 'drive-in' function, and provides a 3,500-square-meter warehousing facility enabling immediate delivery."
According to SPC Legal, the transaction is East Capital’s second acquisition in Lithuania and the fourth in the Baltic States.
SPC Legal’s team was led by Partner Povilas Karlonas.
The Walless team included Partners Indre Jonaityte-Grice and Mindaugas Lukas, Senior Associates Liucija Bitinaite and Mantas Lideika, and Junior Associate Domantas Vilys.
